Understand how simple and compound interest differ, with simple interest calculated on the principal alone and compound ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Simple interest is the interest applied only to the original amount of money deposited or borrowed. Calculating simple interest requires knowing your principal amount, annual interest rate, and time ...

The simple interest formula is I = Prt. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to ...