This is a simple web app that allows you to calculate simple interest and compound interest. Using this app, you can calculate the interest you will earn on a loan.You just need to enter the principal amount, the interest rate, and the time period. You can enter the interest rate in either a percentage or a decimal format. You can also enter the time period in either years or months or days. You can also enter the date the loan was taken and the date the loan will be paid off and the app will calculate the interest. The app will calculate the interest and display it in the result section. Interest is called vaddi in telugu so this app is called vaddi calculator or it can also be referred to as online vaddi calculator.
You can download the free vaddi lekkalu android app on playstore.
Using this vaddi lekkalu app, you can easily do vaddi lekkalu without any hassle. You can calculate the vaddi lekkalu of any amount of money. You can do two types of vaddi lekkalu.
To do Chakra vaddi lekkalu, you need to select interest type as compound as Chakra vaddi means compound interest in telugu.
To do Baru vaddi lekkalu, you need to select interest type as simple as Baru vaddi means simple interest in telugu.
There are two types of interest that can be calculated using this app. The first type of interest is called simple interest. The second type of interest is called compound interest.
Simple interest is calculated by multiplying the principal amount by the interest rate and the time period and then dividing it by 100. For example, if the principal amount is 1000 and the interest rate is 10% and the time period is 1 year, the simple interest is 100.
In simple interest calculation the principal amount will remain unchanged throughout the time period.
Unlike simple interest, In compound interest the principal amount will increase by the interest rate for each period over which it is compounded. So, our vaddi calculator will give you option to give a custom period to be compounded over.
For example, if the principal amount is ₹1,00,000 and the interest rate is 18%(1.5 in decimal) and the time period is 2 years, compounded anually the compound interest is ₹39,240.
In this vaddi calculator we specifically used the methods used in local indian and other south asian countries villages to calculate the interest. In which we assume the days in year to be 360 and the days in month to be 30.
This online vaddi calculator will give you accurate results for your simple interest calculation and also for your compound interest calculation.