💸 Make Your Interest Work Smarter

💡 Simple Interest Made Simple

What is Simple Interest?
Interest calculated only on the original principal amount over a period. It is straightforward and does not compound.

📊 Simple Interest Formula
SI = (P × R × T) / 100
- P = Principal amount
- R = Annual interest rate (%)
- T = Time in years

🔄 How It Works
- Interest remains fixed every year
- Total interest = P × R × T / 100
- Total amount = Principal + Interest

✅ Why Simple Interest is Useful
- Quick and easy calculations
- Useful for short-term loans
- Transparent and predictable

💡 Pro Tips
- Use for short-term borrowing or lending
- Compare SI with compound interest options to maximize returns