Knowing your loan's interest rate matters, as does learning how that rate is calculated. If you have a simple interest loan, interest is based only on the principal. You can easily calculate your ...

How to Calculate Simple Interest Savings. Savings accounts will earn interest on the amount of money deposited into the account. The formula to calculate simple interest in a savings account is ...

Interest on an account can be calculated as simple or compound interest. Find out what simple interest means and how it affects your investment.

How Simple Interest Works: An Example Suppose you take out a $5,000 loan at 6% interest for two years. To calculate the amount of interest you will pay, use the simple interest formula above.

Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like ...

With a simple interest loan, interest is based only on principal, and you can easily calculate it to find out the true cost of borrowing.

Wondering how much interest you could earn in a savings account? Here's how to crunch the numbers to calculate your earnings.

Calculating the interest rate on a personal loan can be difficult. Most lenders use simple interest rather than compound interest, though, which makes the job a little easier. To calculate how ...

Your access to simple vs. compound interest will depend on the mode of investment. Good luck finding bonds with compound interest opportunities! Likewise, beware of the compounding power of debt. Take ...

With interest rates this high, you might want to figure out exactly how much you can earn with a high-yield savings account. Calculating interest earned can encourage you to save even more as you ...