# 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. 