#### Principal (initial amount), P = 150,000

#### Annual simple interest rate, R = 2.7%

#### From date: Dec 7, 2017

#### To date: Dec 7, 2037

#### Duration, T = 7,305 days (240 Months)

#### Commission fee (withdrawal or payment), F = 0%

#### No. of days in a year, N = 365

## I = Simple interest:

#### I = (P × R × T) ÷ N =

#### (150,000 × 2.7% × 7,305) ÷ 365 =

#### (150,000 × 2.7 × 7,305) ÷ (365 × 100) =

#### 2,958,525,000 ÷ 36,500 ≈

#### 81,055.479452054795 ≈

#### 81,055.48

## B = Amount earned:

#### B = P + I =

#### 150,000 + 81,055.479452054795 =

#### 231,055.479452054795 ≈

#### 231,055.48