Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 3,325 units (Dollar, Euro, Pound, etc.), from date: May 11, 2019, to date: Jun 10, 2019, namely for a period of 30 days, with an annual simple flat interest rate of 182.5% if the commission fee (withdrawal or payment) is 0%.

Principal (initial amount), P = 3,325


Annual simple interest rate, R = 182.5%


From date: May 11, 2019


To date: Jun 10, 2019


Duration, T = 30 days


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


No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =


(3,325 × 182.5% × 30) ÷ 365 =


(3,325 × 182.5 × 30) ÷ (365 × 100) =


18,204,375 ÷ 36,500 =


498.75

B = Amount earned:

B = P + I =


3,325 + 498.75 =


3,823.75

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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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