There are few real math whizzes in the world. As the old saying goes, how often are you going to trot out even high school algebra in most of what you do? But people use regular arithmetic all the ...

Compounding is the quiet force that turns steady saving into exponential wealth creation. The Rule of 72 makes this concept ...

Math is awesome. Wait!! Don’t click out of here to go read an article about Beyoncé and her twins! Stay with me so I can tell you why math is awesome. Because if you have a basic understanding of math ...

Interest is quite possibly the most complex bit of math that the average person has to use everyday. Like the Force, it can be used for good, for evil, and it binds the galaxy together. When interest ...

Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, ...

Elvis Picardo is a regular contributor to Investopedia and has 25+ years of experience as a portfolio manager with diverse capital markets experience. Suzanne is a content marketer, writer, and ...

When you put money into a savings account, the bank will use your money, for example by lending it to other people. They will pay you a certain amount for allowing this. The money they pay you is ...