Whether it's figuring the mortgage on commercial property or the rate on a short-term loan, compound interest calculations are a basic computation for business owners. If your business deals with ...

Simple interest refers to interest that's calculated solely based on the principal, and not any interest that has already accrued. The general formula for computing simple interest is: For example, if ...

Simple interest calculates earnings or payments based solely on the initial principal, while compound interest grows by calculating interest on both the principal and the accumulated interest over ...