#### Principal (initial amount), P = 105,000

#### Annual simple interest rate, R = 10%

#### From date: Sep 8, 2018

#### To date: Sep 10, 2023

#### Duration, T = 1,828 days (60 Months and 2 Days)

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

#### No. of days in a year, N = 365

## I = Simple interest:

#### I = (P × R × T) ÷ N =

#### (105,000 × 10% × 1,828) ÷ 365 =

#### (105,000 × 10 × 1,828) ÷ (365 × 100) =

#### 1,919,400,000 ÷ 36,500 ≈

#### 52,586.301369863014 ≈

#### 52,586.3

## B = Amount earned:

#### B = P + I =

#### 105,000 + 52,586.301369863014 =

#### 157,586.301369863014 ≈

#### 157,586.3