Simple interest works in your favor when you borrow money, while compound interest is better for you as an investor.

CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

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Compound interest allows reinvestment of earnings, increasing the principal and potential returns. Long-term compounding dramatically boosts investment growth, e.g., $10,000 grows to $174,494 in 30 ...

In the real world, simple interest is rarely used. When you deposit money into an interest-bearing account, or take out a line of credit, the interest that accumulates is added to the principal, and ...

Many students dislike mathematics, especially the concepts taught in higher classes, and often question its application in their lives. However, some math topics hold utmost importance in one’s life ...

Q: What is the difference between simple interest and compound interest? My mortgage loan merely states I have to pay 8 percent interest. My loan is from a doctor’s retirement fund, and I believe I am ...