#### Principal (initial amount), P = 2,200

#### Annual simple interest rate, R = 0.02%

#### From date: Sep 19, 2010

#### To date: Oct 2, 2017

#### Duration, T = 2,570 days (85 Months without 17 Days)

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

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

## I = Simple interest:

#### I = (P × R × T) ÷ N =

#### (2,200 × 0.02% × 2,570) ÷ 365 =

#### (2,200 × 0.02 × 2,570) ÷ (365 × 100) =

#### 113,080 ÷ 36,500 ≈

#### 3.098082191781 ≈

#### 3.1

## B = Amount earned:

#### B = P + I =

#### 2,200 + 3.098082191781 =

#### 2,203.098082191781 ≈

#### 2,203.1