### 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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