Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 100 units (Dollar, Euro, Pound, etc.), from date: Jun 26, 694, to date: Jun 26, 2018, namely for a period of 483,581 days (15,888 Months), with an annual simple flat interest rate of 5% if the commission fee (withdrawal or payment) is 0%.

Principal (initial amount), P = 100


Annual simple interest rate, R = 5%


From date: Jun 26, 694


To date: Jun 26, 2018


Duration, T = 483,581 days (15,888 Months)


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


No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =


(100 × 5% × 483,581) ÷ 365 =


(100 × 5 × 483,581) ÷ (365 × 100) =


241,790,500 ÷ 36,500 ≈


6,624.397260273973 ≈


6,624.4

B = Amount earned:

B = P + I =


100 + 6,624.397260273973 =


6,724.397260273973 ≈


6,724.4

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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