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Rupee interest calculator (₹1, ₹2, ₹3 per hundred)

Local lenders say “₹2 interest” or “2 rupees per hundred” (rupee vaddi / byaj): ₹2 for every ₹100 every month. See what that really means as a yearly rate, and how much more it is if the interest is added each month.

Interest every month–
Same as a yearly rate of–
Total interest (simple)–
Total interest if added every month (compound)–
Total to repay (simple)–

How it is calculated

₹R per ₹100 per month = R% a month = R × 12 % a year (simple). Simple interest = amount × R% × months. Compound (chakravaddi): amount × ((1 + R%)^months − 1).

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