All of you have learned the formula to calculate the compound interest in your school. Compound and simple interests are among the mathematical applications used in real life for years. At certain ...

Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

When it comes to calculating interest, there are two basic choices -- simple and compound. Simple interest simply means a set percentage of the principal every year, and is rarely used in practice. On ...