Whether you make an investment towards or take a loan from a financial institution, the interest is the cost incurred on the principal amount gradually. Now you must be wondering – why is simple interest vs compound interest even a topic in the first place. It’s because the interests accumulated on an investment or a […]
Simple Interest vs Compound Interest: Understanding the Key Differences
![Simple interest vs compound interest: understanding the key differences 1 Simple Interest vs Compound Interest being compared on a calculator](https://customizewallstreet.com/wp-content/uploads/2022/02/Simple-Interest-vs-Compound-Interest-min-1200x686.jpg)