Learn about simple interest , who benefits from it, and how to calculate it using formulas and examples, including benefits over compound interest for borrowers. Calculate the interest and end balance based on the simple interest formula. Learn the definition, formula and examples of simple interest and compare it with compound interest . Learn what simple interest is, how to calculate it using a formula, and see examples of simple interest problems. Compare simple interest with compound interest and find out the difference between them. Simple Interest (SI) is a method of calculating the interest charged or earned on a principal amount over a fixed period . It is calculated based solely on the principal amount, which remains unchanged throughout the calculation.
