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  • 21 05 2023

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    Aimen Imran
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    This document contains three examples of simple interest calculations for investments over multiple years. The first example shows an initial principal of $50,000 invested at 10% interest for 3 years, earning $16,550 in interest over the period. The second resets the principal to $0 after 2 years, and the third calculates interest paid and earned over 5 years on an initial principal of $250,000 at 10% interest, earning over $302,000 in total interest.

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    21-05-2023

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    This document contains three examples of simple interest calculations for investments over multiple years. The first example shows an initial principal of $50,000 invested at 10% interest for 3 years, earning $16,550 in interest over the period. The second resets the principal to $0 after 2 years, and the third calculates interest paid and earned over 5 years on an initial principal of $250,000 at 10% interest, earning over $302,000 in total interest.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views4 pages

    21 05 2023

    Uploaded by

    Aimen Imran
    This document contains three examples of simple interest calculations for investments over multiple years. The first example shows an initial principal of $50,000 invested at 10% interest for 3 years, earning $16,550 in interest over the period. The second resets the principal to $0 after 2 years, and the third calculates interest paid and earned over 5 years on an initial principal of $250,000 at 10% interest, earning over $302,000 in total interest.

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    © All Rights Reserved
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    of 4

    Year P i (1+i) n (1+i)^n S=P(1+i)^n I=S-P CI

    2021 50000 0.1 1.1 3 1.331 66550 16550 16550


    2022 50000 0.1 1.1 2 1.21 60500 10500 27050
    2023 50000 0.1 1.1 1 1.1 55000 5000 32050
    2024 50000 0.1 1.1 0 1 50000 0 32050
    232050 32050
    Year P i (1+i) n (1+i)^n S=P(1+i)^n I=S-P CI
    2021 50000 0.1 1.1 3 1.331 66550 16550 16550
    2022 0 0.1 1.12 2 1.2544 0 0 16550
    2023 60000 0.1 1.13 1 1.13 67800 7800 24350
    2024 70000 0.1 1.08 0 1 70000 0 24350
    204350 24350
    Year S i (1+i) n (1+i)^-n P=S(1+i)^-n I=S-P CI
    2024 250000 0.1 1.1 1 0.909091 227,272.73 22,727.27 22,727.27
    2025 250000 0.1 1.1 2 0.826446 206,611.57 43,388.43 66,115.70
    2026 250000 0.1 1.1 3 0.751315 187,828.70 62,171.30 128,287.00
    2027 250000 0.1 1.1 4 0.683013 170,753.36 79,246.64 207,533.64
    2028 250000 0.1 1.1 5 0.620921 155,230.33 94,769.67 302,303.31
    947,696.69 302,303.31

    Effective
    31.90%
    Interest Rate
    S
    250,000
    250,000
    250,000
    250,000
    250,000
    1,250,000

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