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Consider the initial balance of R$1,000.00 and an interest rate of 50% in the period.
Simple Interest | |
Period | Balance |
1 | 1,500.00 |
2 | 2,000.00 |
3 | 2,500.00 |
4 | 3,000.00 |
5 | 3,500.00 |
6 | 4,000.00 |
7 | 4,500.00 |
8 | 5,000.00 |
9 | 5,500.00 |
10 | 6,000.00 |
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