An interest rate also applies to the amount earned at a bank or credit union from a deposit account. Most mortgages use simple interest. However, some loans use compound interest, which is applied ...

The interest rate is a percentage of the loan amount, such as 4%. But the percentage paid can be radically different in real dollar terms depending on whether it is calculated as simple interest ...

The interest rate the Fed charges borrowers ... Here's how to get started the right way. The discount rate is simple to understand -- it's the rate banks pay the Federal Reserve to borrow money.

You can compute simple interest by multiplying the principal amount by the annual interest rate and by the number of years for which you invest or borrow money. Simple interest is usually owed on ...