How does this differ from compound interest?

Simple interest is charged only on the original principal, so it does not grow on previously earned interest.

Financial Calculators

Simple Interest Calculator

Interest and total amount on a flat rate.

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Principal₹

Interest rate (per year)%

Time period (years)years

Total amount

₹1,24,000

Calculate simple interest from principal, rate and time, and see the total amount payable or receivable.

Monthly instalment, total interest and full amortisation table.

Fixed deposit maturity amount and interest earned.

Recurring deposit maturity value from a monthly deposit.

Growth with yearly, half-yearly, quarterly, monthly or daily compounding.