Interest on 1,000 at one percent, per year

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