Reckoner is an app that offers multiple functions and different unit converters. In this blog post, we will show you how to use the EMI Calculator in the app.
When you open the app, you will see a multi-workspace calculator by default.
To access all the unit converters and calculators, you can either tap on the menu icon at the bottom of the app or swipe up on the menu. There you will find various converters for different units. You can choose the EMI option and tap on it.
In the EMI calculator screen, you can enter the value that your loan amount, and select the interest rate ,and loan tenure either in months or years
For example
Enter loan amount (value)=50000
Enter interest rate = 15%
Loan tenure = 7 years
And select option either EMI arrears or EMI in advance
Result display on screen is
1.IF SELECT OPTION IS EMI ARREARS
EMI : 965 month
TOTAL INTEREST :31046.37
TOTAL PAYABLE : 81046.37 IN 7 YEAR
2.IF SELCT OPTION IS EMI ADVANCE
EMI : 953 month
TOTAL INTEREST :30045.8
TOTAL PAYABLE : 80045.8 IN 7 YEAR
-Result: As soon as you enter the data and click calculate , the app will automatically display the converted values in all other units on the screen.
You can see how easy it is to EMI calculation Reckoner. The app is very handy for everyday use and calculations.