Doing the math and crunching the numbers when it comes to figuring out your loan's interest can be complicated. Here's how to calculate interest on a loan.

Simple interest vs. compound interest Simple interest is calculated based on the original amount you borrowed or what you have in the bank. This is called your "principal." ...

Unlike simple interest, which is calculated only on the principal, compound interest allows your money to grow exponentially.

Compound interest is the money your bank pays you on your balance — known as interest — plus the money that interest earns over time. It makes your money grow.

Our Compound Interest Calculator helps you visualize how your savings and investments grow over time. By reinvesting earnings, compound interest allows your money to work for you, accelerating ...

Understanding compound interest can be simple with the right tools and knowledge. A compound interest calculator is a valuable tool for estimating how an investment grows over time. Once a person ...

Use our Compound Interest Calculator to see how your savings grow over time. Calculate future value with daily, monthly, or yearly compounding and optimize your investments.

While the Reducing Balance method is generally more customer-friendly, the Simple Interest method might work for those who prioritise simplicity and fixed payments.

The name of the game with compound interest is time — the more of it you have, the bigger the payoff.