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If you’ve ever considered taking up a personal loan, or even a car loan, renovation loan or instalment plan, you would likely see two different rates being advertised on the same loan by many ...

Calculating Simple Interest is an excellent method to judge your savings in advance. However, calculating it for various interests and principal sums could be complex. This is where Excel comes to ...

It is crucial to pay attention to the borrowing jargons as it helps you understand how you pay up your loans. (Image; Financial Express) When taking a loan, understanding the interest calculation ...

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.

The TI-83 scientific calculator includes a finance-solving application that can do advanced calculations about the time value of money. It can also solve the basic equation for simple interest, which ...