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The answer for rate in simple interest is =rate= simple interest\principle*time

Q: What is the Formula for simple interest rate?
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The answer for rate in simple interest is =rate= simple interest\principle*time

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There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.

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It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.

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Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

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Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.

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