Loans & interest
Simple Interest Calculator
సాధారణ వడ్డీ కాలిక్యులేటర్
Interest on a loan or deposit, in % a year or as "rupee interest" per ₹100 a month.
Your result ఫలితం
Interest వడ్డీ
24 thousand rupees
- Principalఅసలు
- ₹1,00,000
- Interestవడ్డీ
- ₹24,000
- Total to repayమొత్తం
- ₹1,24,000
- Interest a monthనెల వడ్డీ
- ₹1,000
Year by year ఏడాదివారీగా
- Principal
- Interest
Use the left and right arrow keys to read each year; the table below lists every value.
Show the year-by-year table
| Year | Interest so far | Amount |
|---|---|---|
| 1 | ₹12,000 | ₹1,12,000 |
| 2 | ₹24,000 | ₹1,24,000 |
How simple interest is calculated
Simple interest is charged on the original amount only, for every year it is borrowed or deposited:
Interest = P × R × T ÷ 100
P is the principal, R the rate in % a year and T the time in years (months ÷ 12, days ÷ 365).
Example: ₹1,00,000 at 12% a year for 2 years earns ₹24,000 interest; ₹1,24,000 in all.
Rupee interest (రూపాయి వడ్డీ)
Family and village loans are often quoted as rupees per ₹100 per month: "one rupee interest" is ₹1 on every ₹100 each month, which is 12% a year; "two rupees" is 24% a year. ₹50,000 at ₹2 for 6 months is ₹6,000 interest, ₹1,000 a month.
Questions
Simple or compound interest: what is the difference?
Simple interest never charges interest on interest. With compound interest, unpaid interest is added to the principal, so the next period's interest is higher. Over long periods compound interest grows much faster.
How are days counted?
On a 365-day year, as banks do for most deposits and loans: 73 days is 0.2 of a year.
What next? తర్వాత ఏం చూడాలి
See all calculators →Results are estimates for planning, at the rates you enter. Check exact figures with your bank, fund house or tax adviser before you decide.
