Interest Per year
Percentage %
Amount 1,000
One percent of 1,000
1% of 1,000 is 10
Year
Interest for year is amount
One year
10 x1 year is 10
Two years
10 x2 years is 20
Three years
10 x3 years is 30
Four years
10 x4 years is 40
Five years
10 x5 years is 50