there's simple interest and there's also compound interest.
the difference is that, with simple interest, what you earn is a percentage of the "original amount you deposited", so if you deposited say 1000 and you earn 10% APR, you only get 100 bucks a year, 1st, 2nd, 3rd 20th year, no matter what year it may be, is always 10% of that original 1000.
so, in short, if you earned 75 bucks in the first year, well, for simple interest, that won't change for any subsequent year.
