# Simple Interest Rate Calculator

After entering the required information in the calculator below, click the calculate button.

Below this page, you can also find the answers for frequently asked questions about this subject.

### Related Calculators

- Compound Interest Rate Calculator
- LCM and GCF Calculator
- Factorial Calculator
- Volume Calculator
- Inches Calculator
- Discount Calculator

## What is compound interest?

It is the rate that shows the return obtained as a result of the reinvestment of the profit earned by the principal during the investment period by adding to the principal. In other words, it is the return on profit.

## What is simple interest?

It is the rate of profit earned by the principal only during the investment period.

## How is simple interest calculated?

Calculated by the following formula.

[(Compound Interest Rate / 100 + 1) ^{ number of days / 365 } - 1] x 36500 / number of days

**Example:**

13 December 2024 term bond

Today: 1 March 2024

Days to Maturity: 287 days

Compound Interest Rate: 75.12%

Simple Interest Rate = [(75.12 / 100 + 1)^{287 / 365} - 1] x 36500 / 287 = 70.40