What is Simple Interest? How to Calculate | Money Instructor

Learn the basics of simple interest, definition, and how it is calculated using the simple interest formula.

Simple interest explained. Need help understanding simple interest? Simple interest is an easy way to calculate interest on money. In simple interest, interest applies only to the original principal amount and the same rate for each time cycle. Here we provide a tutorial and example on how to calculate using the simple interest formula. Includes comparison to compound interest and learn to understand annual interest rate and solve related questions and problems.

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