simple interest calculator

Whether you are a creditor who wishes to calculate what they are
owed, a debtor what they owe or an insolvency practitioner what to
allow on a proof, we hope that our simple interest calculator will
prove a helpful tool to you.
To access our simple interest calculator, click here.
Please click here for help in using the
simple interest calculator.
For further information or help with any insolvency queries
please contact Nick Keitley or Mike
Pavitt.
Explanatory note:
Our simple interest calculator is designed to assist only with
very basic calculations of interest on any sum (the
'principal sum'), provided that it is a sum upon
which interest accrues daily, and that you know the applicable
annual rate of interest in advance. Often the principal sum
will be something as simple as the gross amount of an invoice, an
acknowledged or agreed debt, or just a notional figure for damages
where there has been, or may have been, a breach of contract.
The most useful feature of the calculator is that it will
instantly calculate for you the number of days between any 2 dates,
which you simply select from the attached mini-calendar. You
might, for example, input a date 30 days from the date of your
invoice, and then the date of your letter or other form of demand;
in the calculator, these are known as the 'interest from
date' and 'interest to date' . It will
also tell you the daily rate for continuing interest.