diff --git a/examples/interest/README.md b/examples/interest/README.md
index 2cc5d50cac..e431acbed8 100644
--- a/examples/interest/README.md
+++ b/examples/interest/README.md
@@ -1,13 +1,22 @@
-# interest.aleo
+# Calculating Interest
 
-This program calculates interest over a fixed number of periods.
+This program provides utilities for calculating interest over a fixed or bounded number of periods.
 
-We note that the Leo code is much more readable and writable than the
-corresponding Aleo code, which can be seen in `build/main.aleo` after building.
+## Building the Program
 
-## Build Guide
-
-To compile this Aleo program, run:
+To compile this program, run:
 ```bash
-aleo build
+leo build
 ```
+
+## Running the Program
+
+To run this program, run:
+```bash
+leo run <function_name>
+```
+where `<function_name>` is one of the following:
+* `fixed_period_interest`
+* `bounded_period_interest`
+
+Be sure to update `inputs/interest.in` with the desired inputs.
diff --git a/examples/interest/inputs/interest.in b/examples/interest/inputs/interest.in
index 96576291e9..9751618c35 100644
--- a/examples/interest/inputs/interest.in
+++ b/examples/interest/inputs/interest.in
@@ -1,4 +1,9 @@
 // The program input for interest/src/main.leo
-[main]
+[fixed_period_interest_accrued]
 capital: u32 = 80u32;
 rate: u32 = 5u32; // 5%
+
+[bounded_period_interest_accrued]
+capital: u32 = 80u32;
+rate: u32 = 5u32; // 5%
+periods: u8 = 10u8;
diff --git a/examples/interest/src/main.leo b/examples/interest/src/main.leo
index 3ca31a7e7a..6487f616f4 100644
--- a/examples/interest/src/main.leo
+++ b/examples/interest/src/main.leo
@@ -1,8 +1,26 @@
-// The 'interest' main function.
-function main(capital: u32, public rate: u32) -> u32 {
+// This function calculates the interest accrued over ten periods for some `capital` and `rate`.
+function fixed_period_interest(capital: u32, public rate: u32) -> u32 {
     let amount: u32 = capital;
-    for i:u8 in 0u8..10u8 { // accrue for 10 periods
-        amount += amount * rate / 100u32; // round down
+
+    // Accrue for exactly 10 periods.
+    for i:u8 in 0u8..10u8 {
+        // Note that the added amount is rounded down.
+        amount += (amount * rate) / 100u32;
+    }
+    return amount;
+}
+
+// This function calculates the interest accrued over a variable number of periods (max 50) for some `capital` and `rate`.
+function bounded_period_interest(capital: u32, public rate: u32, periods: u8) -> u32 {
+    console.assert(periods <= 50u8);
+    let amount: u32 = capital;
+
+    // Accrue for up to 50 periods.
+    for i:u8 in 0u8..50u8 {
+        if i < periods {
+            // Note that the added amount is rounded down.
+            amount += (amount * rate) / 100u32;
+        } // Skip the remaining periods.
     }
     return amount;
 }
diff --git a/examples/interest2/.gitignore b/examples/interest2/.gitignore
deleted file mode 100644
index b28696155d..0000000000
--- a/examples/interest2/.gitignore
+++ /dev/null
@@ -1,2 +0,0 @@
-outputs/
-build/
diff --git a/examples/interest2/README.md b/examples/interest2/README.md
deleted file mode 100644
index 875464cf29..0000000000
--- a/examples/interest2/README.md
+++ /dev/null
@@ -1,13 +0,0 @@
-# interest2.aleo
-
-This program calculates interest over a fixed number of periods.
-
-We note that the Leo code is much more readable and writable than the
-corresponding Aleo code, which can be seen in `build/main.aleo` after building.
-
-## Build Guide
-
-To compile this Aleo program, run:
-```bash
-aleo build
-```
diff --git a/examples/interest2/inputs/interest2.in b/examples/interest2/inputs/interest2.in
deleted file mode 100644
index ed83614b72..0000000000
--- a/examples/interest2/inputs/interest2.in
+++ /dev/null
@@ -1,5 +0,0 @@
-// The program input for interest2/src/main.leo
-[main]
-capital: u32 = 80u32;
-rate: u32 = 5u32; // 5%
-periods: u8 = 10u8;
diff --git a/examples/interest2/program.json b/examples/interest2/program.json
deleted file mode 100644
index 255726b0b4..0000000000
--- a/examples/interest2/program.json
+++ /dev/null
@@ -1,10 +0,0 @@
-{
-    "program": "interest2.aleo",
-    "version": "0.0.0",
-    "description": "",
-    "development": {
-        "private_key": "APrivateKey1zkp4i2UqV6HqAn8ZHY68qrWfwuapNZ86doD3xHYfcTGYNFf",
-        "address": "aleo1t0t2y04rw8evnmvxzlz4xqt4ydgr9k0yk9qltfk8w0a7yt9lvv9qxnzs7w"
-    },
-    "license": "MIT"
-}
diff --git a/examples/interest2/src/main.leo b/examples/interest2/src/main.leo
deleted file mode 100644
index d4fbdcb857..0000000000
--- a/examples/interest2/src/main.leo
+++ /dev/null
@@ -1,11 +0,0 @@
-// The 'interest2' main function.
-function main(capital: u32, public rate: u32, periods: u8) -> u32 {
-    console.assert(periods <= 50u8);
-    let amount: u32 = capital;
-    for i:u8 in 0u8..50u8 { // accrue for max 50 periods
-        if i < periods {
-            amount += amount * rate / 100u32; // round down
-        } // skip remaining periods
-    }
-    return amount;
-}