1-Year Simple Interest Calculator
Calculate simple interest earned over one year on a savings deposit.
USD
%
years
Total Interest
$450.00
Total Value$10,450.00
Total Interest vs Time Period
How to Calculate Simple Interest
Simple interest is calculated only on the original principal amount.
Formula
I = P * r * t
Where:
Example Calculation
You deposit $10,000 at 5% simple interest for 3 years.
- 01Interest = $10,000 * 0.05 * 3 = $1,500
- 02Total value = $10,000 + $1,500 = $11,500