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.

Learn what compound interest is, how it’s calculated—from annual rates to continuous compounding—and why it’s powerful for savings (and dangerous for debt).

If you have a savings account, you might want to know how much you'll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you ...

The path to wealth often lies not in grand financial gestures, but in understanding and harnessing simple mathematical principles. Compound interest stands as one of the most potent wealth-building ...

Albert Einstein supposedly called compound interest the eighth wonder of the world, and once you understand how it works, you’ll see why. This isn’t just feel-good financial advice — it’s the ...

A simple interest loan doesn’t charge you additional interest on your accrued interest. In other words, the only interest you pay is on the outstanding principal balance of your loan. Auto loans and ...

Even small amounts of money, when saved regularly, can grow into a large sum—thanks to compound interest. With time, ...