Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 0 units (Dollar, Euro, Pound, etc.), from date: Jun 18, 106, to date: May 18, 2017, namely for a period of 697,948 days (22,931 Months), with an annual simple flat interest rate of 238% if the commission fee (withdrawal) is 880%.

Principal (initial amount), P = 0


Annual simple interest rate, R = 238%


From date: Jun 18, 106


To date: May 18, 2017


Duration, T = 697,948 days (22,931 Months)


Commission fee (withdrawal), F = 880%


No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =


(0 × 238% × 697,948) ÷ 365 =


(0 × 238 × 697,948) ÷ (365 × 100) =


0 ÷ 36,500 =


0

B = Amount earned before deducting the
commission fee (withdrawal):

B = P + I =


0 + 0 =


0

D = Amount earned after deducting the
commission fee (withdrawal):

D = B - F =


B - F% × B =


(1 - F%) × B =


(1 - 880%) × 0 =


- 780% × 0 =


0

Pr = Investment profit:

Pr = D - P =


0 - 0 =


0

Signs: % percent, ÷ divide, × multiply, = equal;

Writing numbers: comma ',' as thousands separator; point '.' as a decimal mark;

Calculate simple flat rate interest on a principal borrowed, lent

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

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