English

# Accrued Interest Calculator

Accrued Interest refers to amount of the loan interest which has occurred previously but not paid by the borrower to the lender. It is a part of cost borrowing money. The borrower needs to pay more accrued interest, if it takes longer time to repay his loan. Our online accrued interest calculator will assist you in calculating the future payments such as accrued interest cost, accrued interest rate and daily accrued interest cost based on total investment, period and interest.

## Daily Accrued Interest Calculation

days
%
%

Accrued Interest refers to amount of the loan interest which has occurred previously but not paid by the borrower to the lender. It is a part of cost borrowing money. The borrower needs to pay more accrued interest, if it takes longer time to repay his loan. Our online accrued interest calculator will assist you in calculating the future payments such as accrued interest cost, accrued interest rate and daily accrued interest cost based on total investment, period and interest.

#### Formula:

Accrued Interest cost =( p × ( n / 365 ) × r ) / 100 Accrued Interest Rate = r / 365 × n Daily Accrued Interest =( ( p × ( n / 365 ) × r ) / 100) / n Where, p = Investment Amount n = Holding Period r = Interest Rate

#### Example

Find the accrued interest for an investment amount of 500 \$ holding for 15 days at an interest rate of 3 %.
Accrued Interest cost = (500 × (15/365) × 3)/100
=0.6164
Accrued Interest Rate = 3/365 × 15
=0.1233
Daily Interest cost = ((500 × (15/365) × 3)/100)/15
=0.0411