Simple (Flat Rate) Interest Calculator: Calculate the Annual Simple (Flat) Interest Rate of the Invested Amount of Money (Principal, Initial Starting Amount Lent, Deposited or Borrowed), of 990 units (Dollar, Euro, Pound, etc.) To Produce a Sum of Money of 1,000,000,000,000 units, for a period of 449,425 days (14,766 Months without 5 Days)
Detailed calculations of the simple (flat) interest rate
Notations and variables used:
Principal (initial amount), P = 990
Amount produced by the interest, I = 1,000,000,000,000
From date: Sep 30, 786
To date: Mar 25, 2017
Duration, T = 449,425 days (14,766 Months without 5 Days)
Transaction fee rate, F% = 0%
Transaction fee amount, F
Number of days in a year, N = 365
Calculate R, the annual simple (flat) interest rate to earn the amount I
The simple (flat rate) interest calculation formula:
I = (P × R × T) ÷ N ⇒
R = (N × I) ÷ (P × T) =
100% × (N × I) ÷ (P × T) =
((100 × N × I) ÷ (P × T))% =
((100 × 365 × 1,000,000,000,000) ÷ (990 × 449,425))% =
(36,500,000,000,000,000 ÷ 444,930,750)% ≈
82,035,238.067946528758% ≈
82,035,238.07%
Calculate E, the amount earned after adding to the principal the amount produced by the simple (flat rate) interest
E = P + I =
990 + 1,000,000,000,000 =
1,000,000,000,990
Used symbols: % percent, ÷ divide, × multiply, = equal, ≈ approximately equal.
Writing numbers: comma ',' used as thousands separator, point '.' used as a decimal mark.
Simple (flat) interest rate, more calculations:
Calculator: annual simple interest rate to negociate to earn a certain amount
Annual simple flat interest rate = (Simple flat rate interest × Number of days in a year) ÷ (Principal × Duration in days)