A simple interest calculator is a handy digital tool that lets you figure out how much interest you’ll pay on a loan based on ...

A simple interest calculator can help you easily run the numbers for three scenarios: contributing an extra $50, $100, or $500 a month. Additional monthly contribution: Sum after 3 years: $50: ...

Step 1: Visit the IIFL Simple Interest Loan Calculator page. Step 2: Enter the principal loan amount in the first field (e.g. Rs.10,000). Step 3: Enter the expected interest rate as a percentage ...

Understanding the concept of simple interest by an example Suppose a loan of Rs 20,000 is taken for a period of six years at a rate of 10 percent. By feeding these details, the simple interest ...