Enter any two values—Loan Balance ($), Annual Interest Rate (%), or Daily Interest ($)—to calculate the missing value using simple interest formulas.
The Daily Interest Calculator is a convenient tool to calculate the daily interest on a loan, the loan balance, or the annual interest rate. It is useful for tracking loan costs, planning budgets, or evaluating borrowing options.
This calculator provides accurate results using industry-standard formulas for daily interest calculations.
Solved Calculations
Example 1: Calculate Loan Balance
| Step | Value | Explanation |
|---|---|---|
| Daily Interest | $5 | Input value |
| Annual Interest Rate | 7% | Input value |
| Formula | Substitute values | |
| Calculation | Loan balance result |
Example 2: Calculate Daily Interest
| Step | Value | Explanation |
|---|---|---|
| Loan Balance | $15,000 | Input value |
| Annual Interest Rate | 5% | Input value |
| Formula | Substitute values | |
| Calculation | Daily interest result |