In my old post, I compared simple interest with compound interest and what are the differences between the two. In this article, I would like to show you how to compute for simple interest since it is a basic lesson in finance that every people should learn. To give you basic understanding, an interest […]
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Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money, for example you made a loan in a bank so there’s a certain amount of money you need to pay aside from the principal amount. Interest also can be money earned by deposited funds. The most […]
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