Simple Interest (SI) and Compound Interest (CI) Calculator, Formulas
Simple and Compound Interest Calculator
An online SI and CI calculation used in day to day life.
Formula for Interest Compounded Yearly
Total Amount = P(1+(R/100))n
Formula for Interest Compounded Half Yearly
Total Amount = P(1+(R/200))2n
Formula for Interest Compounded Quarterly
Total Amount = P(1 + (R/400))4n
SI [Interest] = (P × R × T) / 100
P [sum] = (SI × 100) / (R × T)
R [Rate/year] = (SI × 100) / (P × T)
T [Time] = (SI × 100) / (P × R)
Where,
C.I = Compound Interest,
S.I = Simple Interest
P = Principle or Sum of amount
n = Time Span in years
R = % Rate per annum
T = Time Span