💰 Introduction

The Interest Calculator is a simple online tool that helps you calculate the interest amount earned or payable on a specific principal over time. Whether you are saving money in a bank or borrowing money for a loan, this tool helps you understand how interest is applied over a given period.

It supports both Simple Interest and Compound Interest calculations, making it suitable for personal finance, business use, or academic learning.

✨ Key Features

1. Dual Calculation Modes: Easily switch between simple and compound interest.
2. Accurate Results: Uses standard financial formulas to ensure precision.
3. User-Friendly: Clean layout designed for ease of use.
4. Instant Output: Get results immediately after entering your values.
5. Device Compatibility: Fully responsive on mobile, tablet, and desktop.

🧾 How to Use

1. Step 1: Enter the principal amount (original sum of money).
2. Step 2: Enter the annual interest rate (in %).
3. Step 3: Enter the time period (in years or months).
4. Step 4: Choose between simple or compound interest calculation.
5. Step 5: Click on “Calculate” to see the interest and total amount.

The calculator will display the total interest earned or payable, and the final amount after applying interest. This helps in planning savings or managing loan payments better.