Compound Interest Table
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Compound Interest for Twelve Months
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Pick the Annual Interest Rate:
22%
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Monthly Scale Factor:
1.018333333
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("One Plus Trick" with One-Twelvth of Rate)
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Month
Starting Amount
One Plus TrickEnding Amount
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1\$1,000.00
x 1.018333333 =
\$1,018.33
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2\$1,018.33
x 1.018333333 =
\$1,037.00
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3\$1,037.00
x 1.018333333 =
\$1,056.01
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4\$1,056.01
x 1.018333333 =
\$1,075.37
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5\$1,075.37
x 1.018333333 =
\$1,095.09
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6\$1,095.09
x 1.018333333 =
\$1,115.17
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7\$1,115.17
x 1.018333333 =
\$1,135.61
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8\$1,135.61
x 1.018333333 =
\$1,156.43
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9\$1,156.43
x 1.018333333 =
\$1,177.63
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10\$1,177.63
x 1.018333333 =
\$1,199.22
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11\$1,199.22
x 1.018333333 =
\$1,221.21
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12\$1,221.21
x 1.018333333 =
\$1,243.60
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The annual simple interest would be:
\$1,000.00 x (1 + 0.22) = \$1,220.00
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