Discount Calculator
Calculate simple or compound interest in seconds with our free Discount Calculator—ideal for loans, savings, mortgages, and investments.
Discount Calculator
This discount calculator helps you determine the final price after applying a percentage discount. Simply enter the original price and the discount percentage, then click "Calculate Discount" to see your savings.
A Discount Calculator is a smart online tool that makes it easy to figure out how much interest you’ll earn or pay on a given amount of money over a specific period. Whether you’re taking out a loan, saving in a bank, or planning an investment, knowing how interest works is key to making informed financial decisions.
With this tool, you can calculate results in seconds—no need for complicated math. It helps you budget better, compare loan or investment options, and manage your finances with confidence.
Types of Interest Calculations
There are two main ways interest can be calculated:
1. Simple Interest
Simple Interest is calculated only on the original amount (principal). It doesn’t include previously earned interest.
Formula:
Example:
If you borrow ₹10,000 at 10% annual interest for 2 years:
You’ll pay ₹2,000 as interest in 2 years.
2. Compound Interest
Compound Interest is calculated on both the principal and the accumulated interest. This means interest keeps growing on top of interest, leading to higher returns (or higher repayments).
Formula:
Example:
If you invest ₹10,000 at 10% annual interest for 2 years (compounded yearly):
How the Discount Calculator Works
Just enter a few details, and the calculator handles the rest:
Principal Amount – The money borrowed or invested.
Interest Rate – The percentage charged or earned annually.
Time Period – How long the money is borrowed or invested.
Interest Type – Choose between Simple or Compound.
The tool instantly gives you:
Total Interest
Total Amount (Principal + Interest)
Step-by-Step Guide to Using the Tool
Open the online Discount Calculator.
Enter your Principal Amount.
Enter the Interest Rate (e.g., 7.5%).
Enter the Time Period (in years, months, or days).
Select Interest Type (Simple or Compound).
Click Calculate.
View your Interest Amount and Total Amount.
Use the results to compare financial products, plan repayments, or optimize savings and investments.
Common Use Cases
Personal Loans – Estimate repayment amounts.
Home Loans / Mortgages – Plan monthly payments.
Savings Accounts – Calculate potential earnings.
Investments – Forecast returns on deposits, bonds, or funds.
Education Loans – Check repayment costs before borrowing.
Why Use an Online Discount Calculator?
Fast & Accurate – No manual math needed.
User-Friendly – Easy for anyone to use.
Smart Planning – Compare and choose better financial options.
Free & Always Available – Accessible anytime, anywhere.
FAQ – Discount Calculator Tool
Q1. What’s the difference between Simple and Compound Interest?
Simple Interest is only on the principal.
Compound Interest is on the principal plus accumulated interest.
Q2. Which is better for investments?
Compound Interest, since it grows faster by earning “interest on interest.”
Q3. Can I use this tool for any currency?
Yes, it works for all currencies as long as you enter the correct values.
Q4. Is the calculator accurate?
Absolutely. It uses standard, reliable financial formulas.
Q5. Can it calculate monthly or daily interest?
Yes, many versions allow different compounding frequencies (yearly, monthly, daily).