Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 18,000,000 units (Dollar, Euro, Pound, etc.), from date: May 10, 2017, to date: Dec 10, 2017, namely for a period of 214 days (7 Months), with an annual simple flat interest rate of 732% if the commission fee (withdrawal) is 0%.

Principal (initial amount), P = 18,000,000

Annual simple interest rate, R = 732%

From date: May 10, 2017

To date: Dec 10, 2017

Duration, T = 214 days (7 Months)

Commission fee (withdrawal), F = 0%

No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =

(18,000,000 × 732% × 214) ÷ 365 =

(18,000,000 × 732 × 214) ÷ (365 × 100) =

2,819,664,000,000 ÷ 36,500 ≈

77,251,068.493150684932 ≈

77,251,068.49

B = Amount earned:

B = P + I =

18,000,000 + 77,251,068.493150684932 =

95,251,068.493150684932 ≈

95,251,068.49

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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