Enter the monthly rent (\$), the number of days rent is late, and the late rent % fee per day into the calculator to determine the Late Rent.

## Late Rent Formula

The following formula is used to calculate the Late Rent.

LR = MR * D * %/100

• Where LR is the Late Rent (\$)
• MR is the monthly rent (\$)
• D is the number of days rent is late
• % is the late rent % fee per day

## How to Calculate Late Rent?

The following example problems outline how to calculate Late Rent.

Example Problem #1

1. First, determine the monthly rent (\$). In this example, the monthly rent (\$) is given as 1500 .
2. Next, determine the number of days rent is late. For this problem, the number of days rent is late is given as  5 .
3. Next, determine the late rent % fee per day. In this case, the late rent % fee per day is found to be 1.
4. Finally, calculate the Late Rent using the formula above:

LR = MR * D * %/100

Inserting the values from above yields:

LR = 1500 * 5 * 1/100 = 75 (\$)

Example Problem #2

The variables needed for this problem are provided below:

monthly rent (\$) = 1100

number of days rent is late = 10

late rent % fee per day = 2

Entering these values and solving gives:

LR = 1100 * 10 * 2/100 = 220 (\$)