Mathematical Shortcomings: The Simple Interest Method has some well-known mathematical faults:
Interest does not compound upon itself;
Instantaneous Withdrawing-&-Depositing will impact earned interest;
After about a year, simple earned interest will grow slower than compound earned interest;
Earned interest is impacted by the calculation interval (ie, end-of-month calculation versus end-of-year calculation)
Continued Revelation: this mechanical calculation method lends further insight into the war that civil rights litigation wages with theory, truth, facts, and logic.
So, you should remain vigilant when recovering damages inflicted upon you by civil rights violations.
vigilance against your civil opponent; and
vigilance against the agencies/actors who've sworn to [supposedly] uphold your rights. (see 42 USC §1983)
Useful: despite the shortcomings, this calculation method is still useful. In fact, in some instances, it will yield favorable results for the injured party.
Congratulations! You're now booked up on how the FCHR calculates Back Pay!