1. Find Future value FV = ?
Present value C = 1000, Interest Rate i = 10%, Time n = 3 Year,
for Future value using Simple Interest method

Solution:
`C=1000`

`i=10%=0.1` per year (Interest rate)

`n=3` years (Number of periods)

Now, Future value (Simple Interest) formula is
`FV=C*(1+i*n)`

`=1000*(1+0.1*3)`

`=1000*(1+0.3)`

`=1000*(1.3)`

`=1300`

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2. Find Future value FV = ?
Present value C = 5000, Interest Rate i = 10%, Time n = 2 Year,
for Future value using Simple Interest method

Solution:
`C=5000`

`i=10%=0.1` per year (Interest rate)

`n=2` years (Number of periods)

Now, Future value (Simple Interest) formula is
`FV=C*(1+i*n)`

`=5000*(1+0.1*2)`

`=5000*(1+0.2)`

`=5000*(1.2)`

`=6000`

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