PHP code example of kaurikk / loan-amount-calculator
1. Go to this page and download the library: Download kaurikk/loan-amount-calculator library. Choose the download type require. 2. Extract the ZIP file and open the index.php. 3. Add this code to the index.php.
<?php
require_once('vendor/autoload.php');
/* Start to develop here. Best regards https://php-download.com/ */
kaurikk / loan-amount-calculator example snippets
// Rate for 30 days
$yearlyInterestRate = 360;
$ratePerPeriod = $yearlyInterestRate / 360 * 30;
// Present value from where interest is calculated
$presentValue = 5000;
$calculator = new InterestAmountCalculator();
$interestAmount = $calculator->getInterestAmount($presentValue, $ratePerPeriod);
echo $interestAmount; // 1500