#### Principal (initial amount), P = 500

#### Annual simple interest rate, R = 6%

#### From date: Sep 28, 2006

#### To date: Jul 28, 2017

#### Duration, T = 3,956 days (130 Months)

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

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

## I = Simple interest:

#### I = (P × R × T) ÷ N =

#### (500 × 6% × 3,956) ÷ 365 =

#### (500 × 6 × 3,956) ÷ (365 × 100) =

#### 11,868,000 ÷ 36,500 ≈

#### 325.150684931507 ≈

#### 325.15

## B = Amount earned:

#### B = P + I =

#### 500 + 325.150684931507 =

#### 825.150684931507 ≈

#### 825.15