Simple interest works in your favor when you borrow money, while compound interest is better for you as an investor.

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. When analyzing the terms of a loan, it is important to consider more than the interest rate ...

Source: Flickr user Dafne Cholet. Simple interest refers to interest that's calculated solely based on the principal, and not any interest that has already accrued. The general formula for computing ...