# Interest Profit Calculator

Enter the amound of money you will invest, term and interest rate and then click on the calculate button to learn the profit you will make.

## What is interest?

Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money, or, money earned by deposited funds.

## How to calculate the profit from interest?

Profit from interest can be calculated using the formulas below.

Daily Interest Profit = (Principal / 100) X (Interest rate / 365) X Number of days

Monthly Interest Profit = (Principal / 100) X (Interest rate / 12) X Number of months

Yearly Interest Profit = (Principal / 100) X (Interest rate) X Number of years

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