Posted on: 23rd Sep, 2010 03:08 pm
How do I calculate the simple interest of 5% for 18 days on $150000?
How do I calculate the simple interest of 5% for 18 days on $1250000.00?
Hi Guest/Thelma,
If the principal amount is $150000, the interest rate is 5% and the time period is 18 days, then the simple interest would be $369.86. However, if the principal amount is $1250000, the interest rate is 5% and the time period is 18 days, then the simple interest would be $3082.19.
If you wish to calculate yourself, then you can check out the given page for a calculator: "http://easycalculation.com/simple-interest.php".
Thanks
If the principal amount is $150000, the interest rate is 5% and the time period is 18 days, then the simple interest would be $369.86. However, if the principal amount is $1250000, the interest rate is 5% and the time period is 18 days, then the simple interest would be $3082.19.
If you wish to calculate yourself, then you can check out the given page for a calculator: "http://easycalculation.com/simple-interest.php".
Thanks
On the mil plus calculation, check note to see if calculation is on the 360/365 basis. Not used on home mortgages much but commercial is another story.