Simple Interest vs. Compound Interest
By A Mystery Man Writer
Last updated 17 Jul 2024
![Simple Interest vs. Compound Interest](https://www.investopedia.com/thmb/4k5nHlJVD1Vtd1F3eYTOfi2G5tk=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/dotdash-how-can-i-tell-if-loan-uses-simple-or-compound-interest-Final-17d192dbebc1467cad0e73f776fa7ffd.jpg)
Different methods in interest calculation can end up with different interest payments. Learn the differences between simple and compound interest.
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Simple vs. Compound Interest Definitions and Calculators
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