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.