Unpaid Balance Calculator

Calculate Unpaid Balance







Formula

The formula to calculate the unpaid balance is:

\[ \text{UB} = (\text{PB} \times \frac{\text{I}}{100}) + \text{PB} - \text{DP} + \text{AP} \]

Where:

Example Calculation

Let's consider an example:

Using the formula to calculate the unpaid balance:

\[ \text{UB} = (1000 \times \frac{5}{100}) + 1000 - 200 + 150 = 50 + 1000 - 200 + 150 = 1000 $ \]

This demonstrates that with a previous balance of 1000 $, an interest rate of 5 %, down payments of 200 $, and additional purchases of 150 $, the unpaid balance is 1000 $. ✅