Compound Interest vs. Simple Interest

Front

Principal= $50,000 Term= 3 years Interest= 5%
Calculate the Simple Interest

Back

$7,500

Front

Principal= $400,000 Term= 15 Interest= 8% (Simple Interest)

Back

$480,000

Front

Deposit = $500 Interest = 10% How much will your investment increase in 5 years? (Compound Interest)

Back

$805.25