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    TJackCarr's Avatar
    TJackCarr Posts: 4, Reputation: 1
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    #1

    Mar 7, 2008, 01:31 PM
    Simple Interest
    You deposit $1,000 in your bank account. If the bank pays 4 percent simple interest, how much will you accumulate in your account after 10 years? What if the bank pays compound interest, how would you expect to accumulate after 10 years? How much of your earnings will be interest on interest?
    ramuk's Avatar
    ramuk Posts: 3, Reputation: 1
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    #2

    Mar 7, 2008, 02:14 PM
    Please check this link for compound interest.

    Please check the attachment for details.

    Ram.
    Attached Files
  1. File Type: xls Interest.xls (16.0 KB, 356 views)
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