Calculate simple interest and see it year by year.
Quick Answer
Simple Interest Calculator lets you: Calculate simple interest and see it year by year. To start, input the starting amount of money.
Input the starting amount of money.
Enter the annual interest rate as a percentage.
Enter how many years the interest accrues for.
See the interest earned and the total amount.
Interest earned
$1,500.00
Principal
$10,000.00
Total amount
$11,500.00
| Period | Interest this year | Total interest | Balance |
|---|---|---|---|
| Year 1 | $500.00 | $500.00 | $10,500.00 |
| Year 2 | $500.00 | $1,000.00 | $11,000.00 |
| Year 3 | $500.00 | $1,500.00 | $11,500.00 |
Simple interest is the same every year because it is only charged on the original principal — it does not compound.