This is a simple web-based calculator that computes Simple Interest based on the user’s input of:
- Principal amount (
p
) - Annual interest rate (
r
) - Time period in years (
t
)
p
→ Principal amount (e.g., ₹1000)t
→ Time in years (e.g., 2)r
→ Annual rate of interest (e.g., 0.05 for 5%)
- The calculated simple interest based on the provided inputs.