$100 in 1 year will grow to $102.50
$100 in 2 years will grow to $105.12
$100 in 10 years will grow to $128.36
Rate of earned interest = 4%
$100 in 1 year will grow to $104.07
$100 in 2 years will grow to $108.31
$100 in 10 years will grow to $149.05
2. The more money you deposit (put in your account), the more money in dividends you will earn. For instance, see the difference in your earnings if you deposit $100 or $1,000 at % earned interest. (P.S. Members who deposit money in their credit union are called shareholders because they actually own a share of the credit union.)
At the end of 1 year your $100 earned $2.50 in dividends.
At the end of 1 year $1,000 earned $25.00 in dividends.
Simple Interest Calculation
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