Calculate Simple Interest
When you borrow money, you pay interest. Interests are often counted in various methods; it is not as easy as seen. Before taking any loan you would like to see their interest rate, the interest rate can make much difference in what you pay in the future. The interest could even be computed as simple interest.Simple interest is calculated with a straightforward equation which is Principal amount, interest rate, tenure. The sum of simple interest stays the same through the tenure of investment or loan.
How to calculate Interest: Byaj
• Download the Byaj Calculator app from google play store with the link given below.
• Now open the Byaj Calculator app.
• Now if you want to calculate simple interest then select simple interest option and if you want to calculate compound interest then click on
• Now fill in the principle amount of your loan.
• After that fill in the time duration of the loan.
• Now fill in the interest rate per month.
• And After filling in all the details click on the calculate button and you get the total interest.
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