Simple interest
Flat interest with no compounding
Worked example
Using the default values, simple interest gives a total amount of ₹1,30,000.
| Item | Value |
|---|---|
| Time | 3 years |
| Monthly interest | ₹833 |
| Total payable | ₹1,30,000 |
What you need
- Principal
- Rate
- Time
Flat interest with no compounding
Using the default values, simple interest gives a total amount of ₹1,30,000.
| Item | Value |
|---|---|
| Time | 3 years |
| Monthly interest | ₹833 |
| Total payable | ₹1,30,000 |
Rates and logic last verified . Statutory notifications remain the legal source of truth.