Calculate the due interest earned by a principal (initial amount of money lent, deposited or borrowed) of 812 units (Dollar, Euro, Pound, etc.), from date: Nov 28, 248, to date: Dec 28, 2018, namely for a period of 646,509 days (21,241 Months), with an annual simple flat interest rate of 0.2% if the commission fee (withdrawal) is 0%.

Principal (initial amount), P = 812


Annual simple interest rate, R = 0.2%


From date: Nov 28, 248


To date: Dec 28, 2018


Duration, T = 646,509 days (21,241 Months)


Commission fee (withdrawal), F = 0%


No. of days in a year, N = 365


I = Simple interest:

I = (P × R × T) ÷ N =


(812 × 0.2% × 646,509) ÷ 365 =


(812 × 0.2 × 646,509) ÷ (365 × 100) =


104,993,061.6 ÷ 36,500 ≈


2,876.522235616438 ≈


2,876.52

B = Amount earned:

B = P + I =


812 + 2,876.522235616438 =


3,688.522235616438 ≈


3,688.52

Signs: % percent, ÷ divide, × multiply, = equal, ≈ approximately equal;

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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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