Simple interest works in your favor when you borrow money, while compound interest is better for you as an investor.

Check here the difference between the mathematical concepts of simple interest and compound interest with relevant definitions and examples.

Difference Between a Simple & Compound Journal Entry. Business managers and accountants commonly use double entry bookkeeping to record business transactions and compose financial statements.

Simple interest is based on the principal amount of a loan, while compound interest is based on the principal plus accumulated interest. Learn more in our guide.

There are two different ways of calculating interest -- simple and compound. Here's how to calculate each, as well as the key differences and similarities between the two. Simple interest is well ...

Different methods in interest calculation can end up with different interest payments. Learn the differences between simple and compound interest.

What Is the Difference Between Compound Growth, Exponential Growth & Simple Growth?. As you work to grow your business, the concepts of simple, compound and exponential growth help you plan for ...

CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

Q: What is the difference between simple interest and compound interest? My mortgage loan merely states I have to pay 8 percent interest. My loan is from a doctor’s retirement fund, and I ...