Enter the daily charter rate ($/day) and the total length of the charter (days) into the Calculator. The calculator will evaluate the Charter Cost.

## Charter Cost Formula

CHRC = DR * T

Variables:

- CHRC is the Charter Cost ($)
- DR is the daily charter rate ($/day)
- T is the total length of the charter (days)

To calculate the Charter Cost, multiply the daily charter rate by the length of the trip.

## How to Calculate Charter Cost?

The following steps outline how to calculate the Charter Cost.

- First, determine the daily charter rate ($/day).
- Next, determine the total length of the charter (days).
- Next, gather the formula from above = CHRC = DR * T.
- Finally, calculate the Charter Cost.
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

daily charter rate ($/day) = 1000

total length of the charter (days) = 10