How It Works:

• If the user enters a time period in months or days, the calculator will automatically convert it into years before performing the simple interest calculation.
• This approach gives the user flexibility while maintaining the logic of simple interest calculation, which is generally based on years.
• This tool purpose is only for mathematical calculation and education.

Example Usage:

• Principal: ₹10,000
• Rate of Interest: 5% per annum
• Time: 6 (Months) → Convert to years (0.5 years)
• The formula then calculates: Simple Interest=(10,000×5×0.5)/100=₹250

This is a great improvement for users who need to calculate interest based on various time periods without worrying about conversion themselves.