Daily Interest Calculator Tool

Daily Interest Calculator

Daily Interest Calculator

Parameter Description Example Value
Principal Amount The initial amount of money deposited or invested. $1,000
Annual Interest Rate The annual interest rate applied to the principal amount. 5%
Number of Days The number of days the money is invested or borrowed for. 30 days
Daily Interest The amount of interest accrued daily (Principal Amount * (Annual Interest Rate / 365) * Number of Days). $4.11

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