💰 Simple and Compound Interest Calculator – I Love Smart Tools

Managing your finances becomes much easier when you have the right digital tools. The Simple & Compound Interest Calculator by I Love Smart Tools helps you calculate interest in seconds — whether you’re saving money, taking a loan, or planning investments.

🔹 What is Simple Interest?

Simple interest (SI) is calculated only on the principal amount you invested or borrowed. It remains constant over time and is ideal for short-term loans or deposits.

📘 Simple Interest Formula

Use this basic formula to calculate SI:

SI = (P × R × T) / 100

• P = Principal Amount
• R = Rate of Interest (%)
• T = Time (years)

🔹 What is Compound Interest?

Compound interest (CI) is interest calculated on both the initial principal and the accumulated interest. This means your money grows faster over time — making it ideal for long-term investments and savings.

📘 Compound Interest Formula

Use this formula to calculate CI:

CI = P × (1 + R/100)T – P

💡 How to Use I Love Smart Tools Calculator

Follow these simple steps to calculate interest instantly:

1. Enter the Principal Amount (P).
2. Type your Rate of Interest (R).
3. Enter Time (T) in years.
4. Select whether you want Simple or Compound Interest.
5. Click the “Calculate” button and view instant results.

⚙️ Try the Online Interest Calculator

Use this live calculator tool below. It’s fully responsive and works on all devices.

💎 Why Use I Love Smart Tools?

The I Love Smart Tools website offers 100% free, fast, and responsive tools for everyone. Whether you need to convert units, calculate percentages, or manage finances — it’s all in one place: i-love-pdf-tools.blogspot.com.

📈 Final Thoughts

Use this calculator to plan your savings or loan payments wisely. Save this page or bookmark I Love Smart Tools for your daily finance and conversion needs.