Simple Interest Loan Calculator - Days

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

loan: The loan amount.
rate : The annual interest rate entered as a percent.
days: The number of days of the loan.
basis : The days basis, 360 or 365 days.

Example 1

Calculate the total debt for a 450 loan at 7% for 60 days.

Value	Keystrokes	Display	Description
450	loan	450.00	Stores the loan amount.
7	rate	7.00	Stores the annual rate.
60	days	60.00	Stores the number of days.
360	basis	360.00	Stores the days basis.
	Debt	455.25	Calculates the total debt.

Example 2

If you had repaid 480 after 90 days, what rate are you paying?

These keystrokes assume the values from example 1.

Value	Keystrokes	Display	Description
480	debt	480.00	Stores the debt.
90	days	90.00	Stores the days.
	rate	26.67	Calculates the rate.