Simple Interest and Compound Interest chapter is an integral part of Arithmetic chapter, which also means that apart from the quantitative aptitude section, it also holds great relevance in the Data ...

SSC is well known for the recruitment of Group ‘B’ and ‘C’ posts under the Ministries/Departments in The Government of India. SSC organizes various examinations like Combined Graduate Level ...

Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Suzanne is a content marketer, writer, and ...

Simple interest is paid only on the principal, e.g., a $10,000 investment at 5% yields $500 annually. Compound interest accumulates on both principal and past interest, increasing total returns over ...

Whether you are paying interest or being paid interest, it's important to fully understand how that interest is calculated. There are two basic types of interest: simple and compound. How each type is ...