How to use this tool
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
Calculation method
Simple interest
balance*rate/100*days/basisConstant borrowed balance and daily simple accrual; supply contractual day-count basis.
Constant borrowed balance and daily simple accrual; supply contractual day-count basis.
Enter your values and run the tool to see your result.
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
balance*rate/100*days/basis