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

A simple interest loan calculates the interest based only on the principal you owe. It stands in contrast to a compound interest loan, which calculates interest based on principal and any outstanding ...

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Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor ...

It is crucial to pay attention to the borrowing jargons as it helps you understand how you pay up your loans. (Image; Financial Express) When taking a loan, understanding the interest calculation ...