Calculate Interest Amount
How to Use
- Enter the principal, interest rate, and time in years.
- Click Calculate to get the interest and total amount.
Frequently Asked Questions
- Q: What is interest?
A: Interest is the cost of borrowing money, usually expressed as a percentage of the principal. - Q: What values are required?
A: Principal, rate, and time are all required. - Q: Can the rate or time be negative?
A: No, both should be 0 or greater, and principal/time must be greater than 0.
Calculation Basis
The interest and total are calculated as:
Interest = Principal × Rate × Time / 100
Total = Principal + Interest