This document discusses simple interest and how to calculate it. It defines simple interest as interest calculated on the original principal amount for a period of time. It provides the simple interest formula: Interest = Principal x Rate x Time. It gives examples of how to use the formula to calculate interest earned on deposits in a bank or interest charged on loans. It also discusses how to calculate the maturity or future value by adding the principal and interest earned or using the future value formula. Finally, it provides activities for students to practice calculating simple interest, interest earned, and maturity values in various scenarios using the formulas taught.