Jeevika Calculator is a Simple use Calculator that use for calculate Simple Interest and Compound interest in with month , half-yearly and yearly interest .In this calculator an added date calculation and age calculator .
in here you can share your calculated date with your friends and familys members and also take screenshot of the data . you can save your calculate data that you want save .
1. A simple interest calculator is a utility tool that calculates the interest on loans or savings without
compounding. You may calculate the simple interest on the principal amount on a daily, monthly, or yearly basis. The
simple interest calculator has a formula box, where you enter the principal amount, annual rate, and period in days, months, or years. The calculator will display interest on the loan or
the investment.
You must select the interest type as simple interest.
You enter the principal amount.
You then enter the annual rate of interest.
You must choose the time duration in days, weeks, quarters, or years.
The ClearTax Simple Interest Calculator will show you the simple interest you have
earned on the deposit.
Benefits of ClearTax Simple Interest Calculator
The ClearTax Simple Interest Calculator shows you the simple interest on your deposit in seconds.
You can compare the simple interest rates against the compound interest rates and determine the interest you pay on any loan.
. Is Clear Simple Intrest calculator to use?
2. Compound Interest Calculator
Compounding is when you earn interest on your investment over a period of time, due to which you witness a growth
on your earnings. Power of compounding enables your earnings to grow as your investments grow. Here's how you
can understand this better. An interest is added on the initial investment (principal amount), this interest is the
compound interest. Since the amount would be added to the initial investment and the new interest is calculated on
this amount, the investment will continue to grow as this process would be consistent all throughout the
investment period.
The interest on a loan or deposit calculated based on the initial principal, and the collective interest from previous
periods is called compound interest. It is basically 'interest earned on money that was previously earned as
interest'. This allows your sum and interest to grow at a faster rate compared to the simple interest which is
calculated only on the principal amount.
The longer you leave your money untouched, the greater it will grow because compound interest grows over time
which means your money keeps on multiplying over a period of time. If you are repaying a loan on compound
interest, you should not ignore paying the interest or if there is any delay in paying the loan, then the interest
burden will be high. To take advantage of compounding, one must aim at increasing their frequency of loan
payments. This way you can pay less interest than what you are liable to pay. Since the interest-on-interest
effect can generate positive returns based on the initial principal amount, it has sometimes been referred to as the
snowball effect of compound interest.
3. Age Calculator
he age of a person can be counted differently in different cultures. This calculator is based on the most common
age system. In this system, age increases on a person's birthday. For example, the age of a person who has lived
for 3 years and 11 months is 3, and their age will increase to 4 on their next birthday one month later. Most
western countries use this age system.
4. User can Save own Calculate data .