Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 1 units (Dollar, Euro, Pound, etc.), from date: Feb 11, 2018, to date: Mar 11, 2046, namely for a period of 10,255 days (337 Months), with an annual simple flat interest rate of 0.03% if the commission fee (withdrawal) is 970%.

Principal (initial amount), P = 1


Annual simple interest rate, R = 0.03%


From date: Feb 11, 2018


To date: Mar 11, 2046


Duration, T = 10,255 days (337 Months)


Commission fee (withdrawal), F = 970%


No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =


(1 × 0.03% × 10,255) ÷ 365 =


(1 × 0.03 × 10,255) ÷ (365 × 100) =


307.65 ÷ 36,500 ≈


0.008428767123 ≈


0.01

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

B = P + I =


1 + 0.008428767123 =


1.008428767123 ≈


1.01

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

D = B - F =


B - F% × B =


(1 - F%) × B =


(1 - 970%) × 1.008428767123 =


- 870% × 1.008428767123 ≈


- 8.77333027397 ≈


- 8.77

Pr = Investment profit:

Pr = D - P =


- 8.77333027397 - 1 =


- 9.77333027397 ≈


- 9.77

Signs: % percent, ÷ divide, × multiply, = equal, ≈ approximately 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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