Date subtraction from New Year to Old Year:

Introduction:

I have included this section in my website to help people to subtract from new year, month and day to old year, month and day. I believe that most of the people who use my app had made mistakes and they asked me to write a software which can calculate the date. The main idea behind this section is to make my user happy and keep coming into my web page and app. This calculation takes fewer than a minute to calculate or subtract year, day, and month from the old one. Let me show you how this calculator works.

Users need to insert the following data in order to calculate and get the benefit from this calculation.

1. New Year:

I called it new year which means the year when they are going to pay their loan.

2. New month:

New month is the month when they are going to pay them back to the lender and we all need to know what month it is in order to calculate time.

3. New day:

Day is also important in order to calculate the date. The day matters for the lender as well as for the borrower. It helps the lender to get some extra money.

1. Old Year:

This is the year when the borrower has taken the loan from the person or the bank. This is very important to know the total years.

2. Old Month:

The Old month is also very important to know for both parties. Both parties can calculate only a month if they subtract from the old month.

3. Old day:

This is the day when the bank or the person has taken the loan. If a user insert all the data in the related field then we can calculate it easily. It has no formula but you can use common sense in order to calculate it.

For example, let say a person take the loan from the bank on this date: 05(May) 20(day) 2020(year)

And the same person paying the whole amount on this date: 04(April) 13(day) 2023(Year)

2023 04 13
2020 05 20
------------------------
2 10 23

This person will have to pay for 2 years 10 months and 23 days which can be further elaborated as below to get total time for the loan.

Total time: 2 + 10/12 + 23/360 = 2 + 0.833 + 0.063 = 2.896 years

Now, they can go back to the Gramin page and insert whatever the principal amount is and on top of that they can insert 2 in the year field, 10 in the month field and 23 in the days field.

Let's say if they have taken a loan of 100000 at 3 rupees for 2 years, 10 months and 23 days. If they insert all these data into the gramin page section, then they will have to pay Rs. 244707 with principal amount. The interest will be Rs. 144702.

Conclusion:

The date converter or the subtraction is a type of tool that will help my users to get the total year, month, and day. In order to calculate, they have to insert a new date when they are going to pay and of course the old date when they have taken the loan.