Simple interest including commissions on the loan amount

The client takes out a loan at simple interest, but when the loan is disbursed, a fee of a certain percentage of the loan amount is deducted from the client. The loan is repaid at the end of the term in one installment. It is required to determine the real interest rate, taking into account the commissions

Simple interest including commissions on the loan amount

Nominal annual interest rate

percents

Loan term (years)

Commission rate

Loan amount

Calculation precision

Digits after the decimal point: 2

Calculate

Accrued amount

 

Real rate

 

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