If you had $ in a savings account that paid
% simple interest, during the first
year you would earn $ in interest.
The account would continue to grow at a rate of
$ per year,despite the accumulated interest.
At the end of years you would have
earned $

Compound Interest Calculation
Interest is paid on original amount of deposit, plus any
interest earned. (Original $ Amount + Earned Interest)
x Interest Rate x Length Of Time = Amount Earned

If you had $ in a savings account that
paid % in a savings account that paid
$ in interest.
At the end of years, you would have
earned $ in compound interest.