Principal Amount (रु): Annual Interest Rate (%): Time (Years): Calculate Interest calculators are essential tools for financial planning and decision-making. Whether you’re saving money, investing, or borrowing, understanding how interest affects your finances is crucial. This guide explores what an interest calculator is, how it works, and its benefits. What is an Interest Calculator? An interest calculator is a tool that computes the interest and total amount based on the principal amount, rate of interest, and time. It can calculate both simple interest and compound interest , depending on the type of calculation required. Simple Interest Simple interest is calculated on the original principal amount for the entire duration of the loan or investment. The formula is: SI = (Principal × Rate × Time)...
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