Online Byaj Calculator – Calculate Simple & Compound Interest Easily
Managing money is very important in today’s time. Whether you are investing money, taking a loan, or saving in a bank, you must know how much interest (byaj) you will earn or pay.
To make this easy, we provide a Free Online Byaj Calculator that helps you calculate both Simple Interest and Compound Interest instantly.
This tool is fast, mobile-friendly, and very easy to use.
What is Byaj (Interest)?
Interest, also called byaj, is the extra money paid or earned on the principal amount.
- If you deposit money in a bank → You earn interest.
- If you take a loan → You pay interest.
Interest is usually calculated yearly, but it can also be calculated monthly, weekly, or daily.
There are two main types of interest:
- Simple Interest
- Compound Interest
What is Simple Interest?
Simple Interest is calculated only on the original principal amount.
Simple Interest Formula:
Simple Interest = (P × R × T) / 100
Where:
- P = Principal Amount
- R = Rate of Interest (per year)
- T = Time (in years)
Example:
If you invest ₹10,000 at 10% interest for 2 years:
Simple Interest = (10000 × 10 × 2) / 100
= ₹2,000
Total Amount = ₹12,000
In simple interest, the interest amount stays the same every year.
What is Compound Interest?
Compound Interest is calculated on both the principal amount and the accumulated interest.
This means you earn “interest on interest.”
Compound Interest Formula:
A = P (1 + R/n) ^ (nT)
Where:
- P = Principal
- R = Annual Rate
- n = Number of times interest applied per year
- T = Time in years
Compound interest is very powerful for long-term investments.
Why Use an Online Byaj Calculator?
Manual calculations can be confusing and time-consuming. Our Online Byaj Calculator makes everything simple.
Benefits of Using This Tool:
✔ Instant results
✔ 100% accurate calculation
✔ Works on mobile and desktop
✔ Free to use
✔ Supports simple & compound interest
✔ Supports daily, monthly, yearly calculation
You just need to enter:
- Principal Amount
- Interest Rate
- Time Period
- Period Unit (Days, Months, Years)
- Select Simple or Compound
And the result will appear immediately.