## Simple Interest Calculator

Calculate the simple interest based on the principal, rate, and time.

### Simple Interest Calculator

Here's a tool to calculate simple interest based on user inputs. Simple interest is calculated using the formula : I=P×R×T

where:

- I is the interest,
- P is the principal amount (the initial amount of money),
- R is the annual interest rate (in decimal form),
- T is the time in years.

**Purpose**:

The Simple Interest Calculator is used to compute the amount of interest earned or paid on a principal sum over a period of time, based on a fixed annual interest rate. It’s useful for financial planning, investment analysis, and understanding loan costs.

**Features**:

**Input Fields**: Enter the principal amount, annual interest rate, and time in years.**Calculate**: Computes the simple interest using the formula I=P×R×T**Result**: Displays the calculated interest in a styled box.**Reset**: Clears all input fields and results.

**How to Use**:

**Open the Tool**: Go to the Simple Interest Calculator page in your web browser.**Enter Values**:**Principal (P)**: Enter the initial amount of money.**Annual Interest Rate (R)**: Enter the annual interest rate as a percentage.**Time (T)**: Enter the duration in years.

**Calculate Interest**: Click the "Calculate" button to compute the interest.**View Result**: The result will be displayed in the result box below the form.**Reset**: Click the "Reset" button to clear the fields and the result.

This tool allows you to easily compute simple interest for various financial scenarios, providing quick insights into potential earnings or costs.