Simple Interest on ₹10 लाख at 8% for 5 वर्ष
Simple interest on ₹10,00,000 at 8% for 5 वर्ष: interest = ₹4,00,000, total amount = ₹14,00,000.
Interest Earned
₹40,000
Total Amount
₹1,40,000
Simple Interest = P x R x T / 100. Interest is calculated only on the original principal, not on accumulated interest.
Weekly Indian rate update
RBI repo, top FD rates, tax deadlines. Free. No spam.
Calculated with CalcCrack