Calculate the investment duration period, in days, of the initial starting amount (borrowed, deposited or lent principal), of 2,375,000 units (Dollar, Euro, Pound, etc.), in order to produce an interest of 475,000 units, with an annual simple flat interest rate of 10%, if the commission fee (withdrawal or payment) is 0%.

Principal (initial amount), P = 2,375,000


Due interest, I = 475,000


Annual simple interest rate, R = 10%


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


No. of days in a year, N = 365


T = The investment duration period, in days:

T = (N × I) ÷ (P × R) =


(365 × 475,000) ÷ (2,375,000 × 10%) =


(365 × 475,000) ÷ (2,375,000 × 10/100) =


(100 × 365 × 475,000) ÷ (2,375,000 × 10) =


17,337,500,000 ÷ 23,750,000 =


730


T = 730 days

B = Amount earned:

B = P + I =


2,375,000 + 475,000 =


2,850,000

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Calculator: investment duration for earning a due simple flat rate interest

Duration in days = (Simple flat rate interest × Number of days in a year) ÷ (Principal × Annual simple flat interest rate)

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