Guides explaining EMI, interest, percentages, discounts and everyday finance calculations, with links to free Tools2030 calculators.
TOOLS2030 / Calculators Percentage, Discount, GST and VAT Calculations Explained Percentages are used in discounts, taxes, markups, tips and business calculations. Understanding the base amount is the key to getting the right answer. Basic percentage To find 20% of 500, multiply 500 by 0.20. The result is 100. The Percentage Calculator is useful when you … Read more
TOOLS2030 / Calculators How EMI Is Calculated for Loans EMI means Equated Monthly Instalment. It is the fixed monthly payment commonly used to repay a loan over a set period. Each payment normally includes both principal and interest. What affects EMI? Loan amount: a larger principal normally increases the monthly payment. Interest rate: a higher … Read more
TOOLS2030 / Calculators Simple Interest vs Compound Interest: What Is the Difference? Simple interest is calculated only on the original principal, while compound interest can also earn interest on interest already added. That difference becomes more important as time increases. Simple interest formula Simple Interest = Principal × Rate × Time. If 100,000 is invested … Read more