Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 23,000 units (Dollar, Euro, Pound, etc.), from date: Jan 8, 2019, to date: Dec 31, 2021, namely for a period of 1,088 days (35 Months and 23 Days), with an annual simple flat interest rate of 2% if the commission fee (withdrawal or payment) is 0%.

Principal (initial amount), P = 23,000


Annual simple interest rate, R = 2%


From date: Jan 8, 2019


To date: Dec 31, 2021


Duration, T = 1,088 days (35 Months and 23 Days)


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


No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =


(23,000 × 2% × 1,088) ÷ 365 =


(23,000 × 2 × 1,088) ÷ (365 × 100) =


50,048,000 ÷ 36,500 ≈


1,371.178082191781 ≈


1,371.18

B = Amount earned:

B = P + I =


23,000 + 1,371.178082191781 =


24,371.178082191781 ≈


24,371.18

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

Latest calculated simple flat rate interest values

Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 23,000 units (Dollar, Euro, Pound, etc.), from date: Jan 08, 2019, to date: Dec 31, 2021, namely for a period of 1,088 days (35 Months and 23 Days), with an annual simple flat interest rate of 2% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:03 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 2,000 units (Dollar, Euro, Pound, etc.), from date: Nov 03, 0830, to date: Nov 03, 2019, namely for a period of 434,273 days (14,268 Months), with an annual simple flat interest rate of 5% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:03 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 2,000 units (Dollar, Euro, Pound, etc.), from date: Nov 03, 0830, to date: Nov 03, 2019, namely for a period of 434,273 days (14,268 Months), with an annual simple flat interest rate of 5% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:03 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 38.88 units (Dollar, Euro, Pound, etc.), from date: Apr 21, 0908, to date: Mar 21, 2017, namely for a period of 405,023 days (13,307 Months), with an annual simple flat interest rate of 10% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:03 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 38.88 units (Dollar, Euro, Pound, etc.), from date: Apr 21, 0908, to date: Mar 21, 2017, namely for a period of 405,023 days (13,307 Months), with an annual simple flat interest rate of 10% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 100 units (Dollar, Euro, Pound, etc.), from date: Jun 22, 0988, to date: May 22, 2017, namely for a period of 375,803 days (12,347 Months), with an annual simple flat interest rate of 3% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 694 units (Dollar, Euro, Pound, etc.), from date: Mar 21, 2017, to date: Apr 21, 2017, namely for a period of 31 days, with an annual simple flat interest rate of 3% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 1,000 units (Dollar, Euro, Pound, etc.), from date: May 22, 2017, to date: Jun 22, 2018, namely for a period of 396 days (13 Months), with an annual simple flat interest rate of 9% if the commission fee (withdrawal or payment) is 358%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 100 units (Dollar, Euro, Pound, etc.), from date: Jul 01, 2010, to date: Dec 31, 2010, namely for a period of 183 days (5 Months and 30 Days), with an annual simple flat interest rate of 2% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 21,000 units (Dollar, Euro, Pound, etc.), from date: Apr 23, 0720, to date: Apr 20, 2018, namely for a period of 474,082 days (15,576 Months without 3 Days), with an annual simple flat interest rate of 2.5% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 21,000 units (Dollar, Euro, Pound, etc.), from date: Apr 23, 0720, to date: Apr 20, 2018, namely for a period of 474,082 days (15,576 Months without 3 Days), with an annual simple flat interest rate of 2.5% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 20,000 units (Dollar, Euro, Pound, etc.), from date: Feb 13, 2019, to date: Feb 13, 2021, namely for a period of 731 days (24 Months), with an annual simple flat interest rate of 4% if the commission fee (withdrawal or payment) is 0%. Sep 24 11:02 UTC (GMT)
Calculate due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 450 units (Dollar, Euro, Pound, etc.), from date: Aug 01, 2008, to date: Aug 30, 2018, namely for a period of 3,681 days (120 Months and 29 Days), with an annual simple flat interest rate of 0.02% if the commission fee (withdrawal or payment) is 624%. Sep 24 11:01 UTC (GMT)
All users calculated simple flat rate interest values