Interest is quite possibly the most complex bit of math that the average person has to use everyday. Like the Force, it can be used for good, for evil, and it binds the galaxy together. When interest ...

You’ve probably heard people talk about compound interest. So what is it? Compound interest is “interest on interest.” It grows on both the principal (the original amount you put in) and the ...

Nobody ever told me this, but I’ve always assumed that a first rule of writing is to never — ever — try to teach math in a newspaper column. But I learned writing through blogging on the interwebs ...

Most children graduate high school knowing how to solve quadratic equations but having no idea how credit cards work, what compound interest means, or how to create a budget. This financial illiteracy ...

Simple interest is more favorable for borrowers due to its non-compounding nature. Compound interest benefits investors by allowing earnings to also generate returns. Invest in avenues like stocks ...

The key to taking advantage of compound interest is getting started early! Interest alone is calculated just on that original amount, but compound interest allows your money to grow faster over time.