Simple interest works in your favor when you borrow money, while compound interest is better for you as an investor.

Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. It can be classified as simple interest or compound interest.

Learn more about the difference between simple interest vs. compound interesnt. This is important for all investors to understand.

Simple interest is based on the principal amount of a loan, while compound interest is based on the principal plus accumulated interest. Learn more in our guide.

Find out why compound interest is better and how to get the best bang for your buck.

The Concepts of Simple Interest & Compound Interest. Whether you are paying interest or being paid interest, it's important to fully understand how that interest is calculated.

Understanding the concept of compound interest is crucial for anyone looking to grow their wealth. Unlike simple interest, which is calculated only on the principal amount, compound interest ...

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

CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

How does compound interest work with CDs? There are two kinds of interest you can earn on a deposit account: simple and compound interest.

Simple Interest vs. Compound Interest: An Overview Interest is the amount of money you must pay to borrow money in addition to the loan's principal. It's also the amount you are paid over time ...

Q: What is the difference between simple interest and compound interest? My mortgage loan merely states I have to pay 8 percent interest. My loan is from a doctor’s retirement fund, and I ...