Tag: Simple Interest

September 28, 2022

The Complete Beginner’s Guide to Interests and Its Calculation

By admineconomic Personal Finance, Banking 0 Comments

If you are depositing a certain amount of money in the bank or borrowing money from it or from somewhere else, you need to pay or get a certain amount of money in addition to your principal. But if you are not aware of the interest you might be defrauded and can face certain problems

September 25, 2022

Super easy ways to learn everything about SIMPLE INTEREST

By admineconomic Personal Finance, Banking 0 Comments

Simple interest is the interest amount calculated on the principal amount of the liability or loan or the original contribution to a savings account. It is unlike compound interest which requires interest on interest. It shows that the account holder should pay interest on the principal amount that he has taken. Who gives loans on

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