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.