#### Principal (initial amount), P = 920,000

#### Annual simple interest rate, R = 6.48%

#### From date: Mar 17, 2017

#### To date: Apr 17, 2017

#### Duration, T = 31 days

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

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

## I = Simple interest:

#### I = (P × R × T) ÷ N =

#### (920,000 × 6.48% × 31) ÷ 365 =

#### (920,000 × 6.48 × 31) ÷ (365 × 100) =

#### 184,809,600 ÷ 36,500 ≈

#### 5,063.276712328767 ≈

#### 5,063.28

## B = Amount earned:

#### B = P + I =

#### 920,000 + 5,063.276712328767 =

#### 925,063.276712328767 ≈

#### 925,063.28