Simple Interest
Yearly schedule
Simple Interest — every row, computed from the calculator's stated formula.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1.00 L | ₹8,000 | ₹1.08 L |
| 2 | ₹0 | ₹8,000 | ₹1.16 L |
| 3 | ₹0 | ₹8,000 | ₹1.24 L |
| 4 | ₹0 | ₹8,000 | ₹1.32 L |
| 5 | ₹0 | ₹8,000 | ₹1.40 L |
For information and education only; it is not investment advice and not a recommendation. Rates are the assumptions entered. Every row is computed solely from the calculator’s stated formula and assumptions and the inputs you entered.