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    Interest on Overdue Invoice
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    Interest on Overdue Invoice

    US$0.00
    Stock Status:  
    In stock
    AVAILABILITY:  
    SUBJECT TO AVAILABILITY
    Product Code:  
    Interest
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    To calculate the interest on an overdue invoice, we need to know the following:

    1. Principal amount: The original amount of the invoice.
    2. Annual interest rate: The percentage of interest charged per year.
    3. Number of days overdue: The number of days the invoice has been past due.

    Formula for Simple Interest:

    Interest = (Principal Amount * Annual Interest Rate * Number of Days Overdue) / 365

     

     

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