History about Byaj Calculator:

The idea of the Byaj calculator came in my mind when I was doing computer Engineering from Texas A&M college which is located in College Station, Texas. I came to the United States on a DV lottery visa. After hearing from others and work situation, I decided to join college and become an Engineer. I started my my career from the zero level without asking anyone. I mean to say that I started my school from Austin Community College. I completed certain credit hours from community college and then transferred to Texas A&M to get a bachelor degree. When I became a senior, I had to take a senior project class and needed to complete a unique project in order to get an Engineering degree. I chose to develop an app in our team and I did it for my senior project class. One day, an idea came in my mind about developing a Byaj calculator app because I thought that if I could develop an app for this project then I could develop another app for my villagers who were struggling and paying the wrong amount when a borrower used to pay loan back to their lender. In order to solve this problem I started developing my own calculator app and I chose my own language which is Nepali. I kept in mind to make it easy and can be calculated by any person no matter if a user or a person has completed ten grade or five grade. After that, I submitted to google play store and then lots of people started showing interest and started downloading my app. By now, almost 100k people have downloaded and taken advantage of it.

There was no Byaj Calculator on google play store, App store and even on google search engine. I developed some app for google play store and some for the App Store. Here is the link if you would like to download: Byaj Calculator for Android also you can see that the domain name also is on my name. After, I started learning swift language and bought a macbook pro and developed the same calculator app for the App store. Just in case, if you need to download this calculator, then you can download it from here:Byaj Calculator for App Store . So, this one was a short story about how Byaj calculator came. Now, let me introduce you to how this calculator is getting data and calculating your loan accurately without making any mistake.

Introduction:

The main purpose of this calculator is to solve the problem for those people who are living in a village area and taking a personal loan from other persons within the same village(Chakrbridhi byaj). This calculator is a little bit different from how our bank calculates when you borrow from a bank. Let me explain to you why the Byaj Calculator is different from a bank calculator for the same loan amount.

1. Principal:

You may notice that this calculator also takes the principal amount and this intial amount that a lender give to a borrower. Later, this amount rise up compoundly over the period of time. I will tell you a bit later where this calculator is a bit different from a bank calculator or financial institute.

2. Interest Rate:

The interest rate plays the main role in our life. This is the one that makes a high amount over the period of time. This is the place where we can see a major difference between this calculator and bank calculator. This calculator was designed to break the percentage right after a user inserted it into the interest rate field. Users don’t need to worry about the interest rate; they can put the whole price that they have taken a loan for in a village base loan. In the village, they take and give loans with interest in rupaiya. For example, the interest will be on either 2 rupaiya or 3 rupaiya.

3. Year:

In the year field, people or users can fill out only the year in order to calculate compound interest. This software has a separate field for the users to see how the calculation has been done accurately and it makes it easy to understand them.

4. Month:

It also takes months separately so that even illiterate people can insert that in order to calculate loan amount before they make their payment to a lender.

5. Day:

The day field helps them to know how much they are paying the interest for one day. They can separately add all the amount to know how much money they are paying for how many years, months, and days.

Finally, this formula has been used in order to calculate chakravarti byaj.

A = P(1 + (r/n))^(nt)

Where:

1. A is the future value with principal and interest
2. P is the principal amount. It is an initial amount that lenders give to the borrowers.
3. R is the annual interest rate.
4. N is the number of times that interest is compounded per year.
5. T is the time or the number of years that money is given for or taken for by the borrowers.

Conclusion:

Compound interest calculator is made for people who are living in village area of Nepal and India and who do the transaction between person to person. People who take money from a lender and whenever they are ready to pay them back, this calculator helps them to pay them a right amount of interest for the principal they have taken from a lender. If they use this calculator then they don't need to use calculator and pen for the calculation. They can do using this calculater without making a single mistake.

Frequently Asked Questions

1. How to Calculate Byaj using Byaj Calculator?

To calculate byaj using byaj calculator, you need to know principal, year, rate, month and day. You siply add or insert into the form and hit calculate button. Whenever you put rate, make sure to put in the rupeese. You don't need to put in percentage in order to calculate byaj or compound interest using this calculator.

2. How to subtract from old date to new date?

In order to calculate or subtract date from old date to new date, you have use this website. Simply go to dat converter and insert current year, month and day on the top section and old year, month, and day on the bottom section. Once you finish, then you can hit on calculate button in order to get total year, month, and day and use these information to calculate byaj(Compound interest).

3. How to raise money?

Most of the people have money but they don't know how to increase it buy giving out as a loan to others. If you have money and if you want to increase your money then you need to put in bank or you can give to your villager and you can charge them interest and as the the time go your money will increase.