Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics. Timothy Li is a ...

If money is left in a bank or building society for more than one year, then the amount of interest earned has to increase. Remember - this is simple interest. It is different from compound interest.

If you put money into a bank or building society they will pay you interest on this money. If you have borrowed money, from a bank or building society for a mortgage or other loan, you have to pay ...

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 ...

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...

Knowing your loan's interest rate matters, as does learning how that rate is calculated. Interest is either simple or compound. Are Personal Loans a Good or Bad Idea? Taking out a personal loan can ...