8 C.F.R. § 293.3   Simple interest table.


Title 8 - Aliens and Nationality


Title 8: Aliens and Nationality
PART 293—DEPOSIT OF AND INTEREST ON CASH RECEIVED TO SECURE IMMIGRATION BONDS

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§ 293.3   Simple interest table.

Following is a simple interest table from which computation of interest at 3 per centum per annum on a principal of $1,000 for a fractional 365-day year may be derived by addition only. The interest is stated in the form of a decimal fraction of $1.

                              Days                               Interest 1..........................................................    0821 91782..........................................................    1643 83563..........................................................    2465 75344..........................................................    3287 67125..........................................................    4109 58906..........................................................    4931 50687..........................................................    5753 42468..........................................................    6575 34249..........................................................    7397 2602 

Example:  3% on $500 for 93 days:

                                                     Days                                                       90     $7.3972 602                                                       3      .2465 7534                                                ------------------------Interest on $1,000.............................       93    $7.6438 3554Interest on $500...............................  .......           $3.82 

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