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Simple Interest

$
%
Simple Interest
$4,000
over 5 years
Total Amount
$14,000
principal + interest
Principal
$10,000
your original amount
Simple vs Compound

Compounded annually, the same $10,000 at 8% would earn $4,693. That's $693 more than simple interest.

Compound Interest →
Year-by-year balance
Year 1Year 5
Principal
Interest earned
✨ Live · Simple interest = Principal × Rate × Time. No compounding.

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