Simple interest is used when a company borrows money for a loan. Usually this amount will be on a monthly basis. The formula for simple interest is principal times the interest rate times the period.

In the world of finance and mathematics, compounding is a fundamental concept that can seem deceptively simple yet holds ...

Math is awesome. Wait!! Don’t click out of here to go read an article about Beyoncé and her twins! Stay with me so I can tell you why math is awesome. Because if you have a basic understanding of math ...