## Simple Interest – Non Integer Periods

How to calculate simple interest for non-integer periods is explained in this video with numericals.

**[Watch video for solution with explanation]**

Q. 1. Hari deposited $2000 in a bank account that pays simple interest at a rate of 10% pa. Calculate the accumulated value of the deposit after 3 years?

Q. 2. Hari deposited $2000 in a bank account that pays simple interest at a rate of 10% pa. Calculate the accumulated value of the deposit after 3.5 years?