Simple Interest (Future Value)
Simple interest is when interest is not re-invested.
Simple interest is the interest that is calculated from just the original amount.
This is an example of an Arithmetic Sequence where a series of numbers differs by a fixed amount.
Annual Simple
If you invested £50 today how much would you have after 3 years if the interest rate is 6% with no compounding?
If you invested £50 today how much would you have after 185 days if the interest rate is 6% with no compounding?
Semi-Annual Simple
The following formula can be used to calculate the future value of an amount that accumulates simple interest twice a year.
Quarterly Simple
The following formula can be used to calculate the future value of an amount that accumulates simple interest quarterly.
Monthly Simple
The following formula can be used to calculate the future value of an amount that accumulates simple interest monthly.
Daily Simple
The following formula can be used to calculate the future value of an amount that accumulates simple interest daily.
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