How to use this tool
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
Calculation method
Estimated billed interest
balance*apr/100*days/basisDaily simple accrual on average balance. Grace periods, penalty rates and compounding terms are not applied automatically.
Daily simple accrual on average balance. Grace periods, penalty rates and compounding terms are not applied automatically.
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*apr/100*days/basis