#### Principal (initial amount), P = 800

#### Annual simple interest rate, R = 2.33%

#### From date: Apr 4, 2017

#### To date: Apr 20, 2017

#### Duration, T = 16 days

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

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

## I = Simple interest:

#### I = (P × R × T) ÷ N =

#### (800 × 2.33% × 16) ÷ 365 =

#### (800 × 2.33 × 16) ÷ (365 × 100) =

#### 29,824 ÷ 36,500 ≈

#### 0.817095890411 ≈

#### 0.82

## B = Amount earned:

#### B = P + I =

#### 800 + 0.817095890411 =

#### 800.817095890411 ≈

#### 800.82