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Interest Calculator

Interest Calculator
Introduction

Interest Calculator is used to calculate interest based on the rupees and percentage. The app helps you calculate based on a date range or duration, and you can also save and share the calculation once it is completed. Additionally, there is an 'Interest Book' feature that is used to manage all interest data, including both lending and borrowing details. Interest is calculated until the current date, and you can also sync the data to your email account.

About:

Don't know how to calculate interest? Don't panic. Interest Calculator, developed by MVLTR Apps, is here to solve your village interest problems and make your life much easier. This simple and user-friendly app is designed specifically for village residents who often find themselves in situations where they need to calculate interest on borrowed money from relatives or friends.

With Interest Calculator, you can calculate both simple and compound interest with ease. Whether you need to calculate interest in percentage or in rupees, this app has got you covered. Simply input the principle amount, given date, and return date, and let the app do the rest. The calculated interest will be displayed instantly, allowing you to quickly and accurately determine the amount owed.

One of the key features of Interest Calculator is its ability to switch between simple and compound interest calculations. This flexibility ensures that you can handle various interest scenarios effortlessly. Additionally, the app allows you to save your calculations for future reference and share the information with others, making it convenient for both personal and professional use.

Interest Calculator is compatible with all Android and tablet phones, and it does not require an internet connection to function. Rest assured, no personal information is required to use this app, ensuring your privacy and security.

Please note that while Interest Calculator provides guidance, it is always advisable for investors to make their own calculations before making any financial decisions. MVLTR Apps is not responsible for any discrepancies in interest values based on this app.

Features:

Simple and Compound Interest Calculations: Many apps handle both simple interest (calculated only on the principal) and compound interest (interest on both principal and accumulated interest).

Loan EMI Calculations: Some apps can calculate monthly loan payments (Equated Monthly Installments) based on principal, interest rate, and loan term.

Savings Calculators: These can help users estimate how much they need to save regularly to reach a specific savings goal.

Flexible Interest Rates and Compounding Periods: Apps may allow users to input various interest rates (including fluctuating rates) and specify how often interest is compounded (e.g., monthly, quarterly, annually).

Detailed Payment Schedules: For loans, apps can generate detailed schedules showing the breakdown of payments into principal and interest.

Visualizations: Some apps include charts or graphs to visualize loan or investment growth.

Loan Comparison: Ability to compare different loan options with varying interest rates and terms.

Interest Book/Record Keeping: Some apps allow users to save and manage their interest calculations, sometimes including lending and borrowing details.

Date Range/Duration Calculations: Users can specify a date range or duration to calculate interest over a specific period.

Conclusion:

If you've ever wondered how much interest your savings or deposits can earn you, this is just the tool you need. With a user-friendly interface, you can easily calculate and isolate the interest, whether it's compounded monthly or not. Planning for the future? Our app can help you determine the monthly savings deposit required to reach your desired amount. Want to know how much you'll get at the end of a deposit or savings period? We've got you covered. Take advantage of our deposit and savings interest calculator and start making smarter financial decisions today. Give it a try and see the power of compounding interest!

What's new:

- Phone number added for book records

- Book Performance issue resolved

- EMI Calculator issue resolved

- Minor bug fixes

- Hindi, Telugu, Kannada language support.

- Bug Fixes(Partial payment interest amount not updating while date changes)

- Partial Payment remining amount can changeable

- New Functionalities add to the like Interest Book and EMI Calculator

- 2.0 UI

- Performance improvement

Screenshots
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