Simple Interest

        Have you ever borrowed money from a friend or saved some cash at the bank? If so, you've already had a little taste of how interest works even if you didn't realize it.           Let's say you borrow money from someone and agree to pay them a little extra as "thank you" for letting you use it or imagine the bank giving you a small reward just to keep your money there. That extra amount is called interest and one of the simplest ways to calculate it is through something called simple interest .          Simple interest is all about finding how much extra money you earn or owe, based only on the starting amount or the principal , the interest rate , and the time involved. It's easy to learn, super useful in real life and can help you make smarter choices with your money.           And now, introducing to you, Simple Interest What is "Simple Interest"?    ...