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Calculators FAQs

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Is there a difference between the consumer price index and the inflation rate?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
The consumer price index (CPI) and the inflation rate are closely related but have some key differences.
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What factors influence the accuracy of an inflation calculator?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
The accuracy of an inflation calculator depends on how precisely it can estimate future inflation rates.
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What is the meaning of the inflation formula?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
The inflation formula shows the relationship between the costs of goods and services today versus in the future based on a given inflation rate.
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What is the value of ₹1 lakh after 10 years of inflation?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Inflation reduces the purchasing power of money over time.
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Is there a specific interest calculator for different types of loans?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Yes, specific interest calculators are available online for different types of loans.
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Is interest calculated daily or monthly?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
Interest can be calculated daily, monthly, quarterly or annually, depending on the terms agreed upon between the financial institution and the borrower.
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What is the best way to calculate %interest?

  • Posted:30th January, 2025
  • Updated:30th January, 2025
The most straightforward way to calculate percentage interest is to use the simple interest formula.
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