Knowing your loan's interest rate matters, as does learning how that rate is calculated. Interest is either simple or compound. If you have a simple interest loan, interest is based only on the ...

Many students dislike mathematics, especially the concepts taught in higher classes, and often question its application in their lives. However, some math topics hold utmost importance in one’s life ...

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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 ...