If money is left in a bank or building society for more than one year, then the amount of interest earned has to increase. Remember - this is simple interest. It is different from compound interest.

If you put money into a bank or building society they will pay you interest on this money. If you have borrowed money, from a bank or building society for a mortgage or other loan, you have to pay ...

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...