You’ve probably heard people talk about compound interest. So what is it? Compound interest is “interest on interest.” It grows on both the principal (the original amount you put in) and the ...

Interest is quite possibly the most complex bit of math that the average person has to use everyday. Like the Force, it can be used for good, for evil, and it binds the galaxy together. When interest ...

Simple interest calculates earnings or payments based solely on the initial principal, while compound interest grows by calculating interest on both the principal and the accumulated interest over ...