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Simple Interest Loan Calculator - Days

Calculates the debt for a simple interest loan when the number of days of the loan are known.


Formula: Loan + Loan * (IPct / 100) * (DaysL / 365)

Loan: The loan amount.

i% (IPct): The annual interest rate entered as a percent.

DaysL: The number of days of the loan.

Example 1

Calculate the total debt for a 4,000 loan at 6% for 207 days.

Value Keystrokes Display Description
4000 Loan 4,000.0000 Stores the value.
6 i% 6.0000 Stores the value.
207 DaysL 207.0000 Stores the value.
  Debt 4,136.1096 Calculates the total debt.

Example 2

If you had 4,200 available to repay, what could you borrow?

These keystrokes assume the values from example 1.

Value Keystrokes Display Description
4200 debt 4,200.0000 Stores the value.
  Loan 4,061.7879 Calculates Loan.