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: Jan 1, 754, to date: Jan 1, 2018, namely for a period of 461,667 days (15,168 Months), with an annual simple flat interest rate of 10% if the commission fee (withdrawal or payment) is 0%.

Principal (initial amount), P = 1

Annual simple interest rate, R = 10%

From date: Jan 1, 754

To date: Jan 1, 2018

Duration, T = 461,667 days (15,168 Months)

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

No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =

(1 × 10% × 461,667) ÷ 365 =

(1 × 10 × 461,667) ÷ (365 × 100) =

4,616,670 ÷ 36,500 =

126.484109589041 ≈

126.48

B = Amount earned:

B = P + I =

1 + 126.484109589041 =

127.484109589041 ≈

127.48

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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