ADHIYAMAAN COLLEGE OF ENGINEERING(AUTONOMOUS)

HOSUR

DEPARTMENT OF MCA

MODERN INTEREST CALCULATOR

PRESENTED BY
M.DURAIMURUGAN
6176AC22PCA014
II-MCA
III-SEMESTER
ABSTRACT
My project title is “MODERN INTEREST CALCULATOR “.
The Modern Interest Calculator is a versatile financial tool designed to
empower users in making informed decisions related to interest
calculations. This calculator offers both simple and compound interest
calculations, accommodating various financial scenarios. With a sleek
and intuitive user interface, it allows users to input principal amounts,
interest rates, time periods, and compounding frequencies. The calculator
provides accurate results swiftly, aiding users in understanding the
growth of their investments or the cost of loans. In today's dynamic
financial landscape, the Modern Interest Calculator is a valuable resource
for individuals and businesses seeking to optimize their financial
planning and decision-making processes.

The Modern Interest Calculator is a versatile financial tool designed

to accommodate both percentage-based and rupees/paise-based interest
calculations. This sophisticated calculator empowers users to make
precise financial decisions by providing support for both simple and
compound interest calculations.

Users can effortlessly input principal amounts, interest rates

expressed in either percentage or rupees, time periods, and compounding
frequencies. The calculator swiftly and accurately computes interest,
presenting the results in a user-friendly format, combining rupees and
paise when applicable.

In an ever-evolving financial landscape, the Modern Interest

Calculator is an invaluable resource for individuals and businesses
seeking comprehensive financial planning, offering flexibility and
convenience to suit diverse financial scenarios
 MODULE

INTEREST PERCENTAGE
INTEREST RUPEES/PAISE

MODULE DESCRIPTION

INTEREST PERCENTAGE

Interest percentage represents the rate at which interest is applied to a

principal amount. It is typically expressed as a percentage and is used to calculate
the additional amount that a borrower must pay on top of the borrowed sum
(principal) over a specified time period.

One-Day Interest Calculator:

To calculate one-day interest, you can use the formulaOne-Day Interest
= (Principal Amount * Annual Interest Rate) / 365
This formula divides the annual interest rate by 365 to calculate the daily interest
amount. It's commonly used for short-term loans or financial transactions.
Monthly Interest Calculator:
For monthly interest, the formula isMonthly Interest = (Principal Amount *
Annual Interest Rate) / 12 This formula divides the annual interest rate by 12 to
calculate the monthly interest amount. It's often used for loans or investments with
monthly compounding.
Yearly Interest Calculator:
The yearly interest is the straightforward annual interest amount on a
principal. The formula is
 Yearly Interest = Principal Amount * Annual Interest Rate
This formula calculates the total interest for a full year. It's commonly used for
various financial products like savings accounts, certificates of deposit, and loans
with annual interest rates.

INTEREST RUPEES/PAISE

One-Day Interest in Rupees and Paise:

To calculate one-day interest in rupees and paise, you can use the following
formula
One-Day Interest (in Rupees and Paise) = (Principal Amount * Annual Interest
Rate) / (365 * 100)
This formula divides the annual interest rate by 365 to calculate the daily interest
amount in rupees and paise.
Monthly Interest in Rupees and Paise:
Monthly Interest (in Rupees and Paise) = (Principal Amount * Annual
Interest Rate) / (12 * 100)
This formula divides the annual interest rate by 12 to calculate the monthly interest
amount in rupees and paise.
Yearly Interest in Rupees and Paise:
Yearly Interest (in Rupees and Paise) = (Principal Amount * Annual Interest
Rate) / 100This formula calculates the total interest for a full year in rupees and
paise.
CONCLUSION
In summary, the Modern Interest Calculator is an essential financial
tool that combines versatility, precision, and user-friendliness. Its adaptability to
various interest formats and timeframes empowers users to make informed
financial decisions, improving financial literacy and facilitating sound choices in
today's dynamic financial landscape.