{"id":10360,"date":"2023-04-10T16:05:18","date_gmt":"2023-04-10T10:35:18","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=10360"},"modified":"2023-04-10T16:05:45","modified_gmt":"2023-04-10T10:35:45","slug":"simple-interest","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/simple-interest\/","title":{"rendered":"Simple Interest &#8211; Meaning, Formula, Calculation, Simple Interest vs Compound Interest"},"content":{"rendered":"\n<p>Simple interest is a vital concept for individuals borrowing or investing money and can simply be defined as the cost of borrowing. It derives its name from the simplicity of its formula and usage and is an important metric in the financial world.&nbsp;<\/p>\n\n\n\n<p>But what exactly is simple interest? How does it differ from compound interest? Let\u2019s read simple interest and its formula in detail below.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"655\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/businessmen-run-their-business-with-visionary-vision-work-bring-company-top-market-beating-competition-no-1-position_24797-2283.jpg-1024x655.webp\" alt=\"\" class=\"wp-image-10361\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/businessmen-run-their-business-with-visionary-vision-work-bring-company-top-market-beating-competition-no-1-position_24797-2283.jpg-1024x655.webp 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/businessmen-run-their-business-with-visionary-vision-work-bring-company-top-market-beating-competition-no-1-position_24797-2283.jpg-300x192.webp 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/businessmen-run-their-business-with-visionary-vision-work-bring-company-top-market-beating-competition-no-1-position_24797-2283.jpg-1536x983.webp 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/businessmen-run-their-business-with-visionary-vision-work-bring-company-top-market-beating-competition-no-1-position_24797-2283.jpg.webp 1800w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/businessmen-run-their-business-with-visionary-vision-work-bring-company-top-market-beating-competition-no-1-position_24797-2283.jpg-300x192@2x.webp 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#What-is-simple-interest\" title=\"What is simple interest?\">What is simple interest?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#Simple-Interest-Main-Highlights\" title=\"Simple Interest &#8211; Main Highlights\u00a0\">Simple Interest &#8211; Main Highlights\u00a0<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#How-to-calculate-simple-interest\" title=\"How to calculate simple interest?\">How to calculate simple interest?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#Simple-interest-formula\" title=\"Simple interest formula\">Simple interest formula<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#Simple-interest-formula-example\" title=\"Simple interest formula example\">Simple interest formula example<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#Simple-interest-vs-compound-interest\" title=\"Simple interest vs compound interest\">Simple interest vs compound interest<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#Limitations-of-simple-interest\" title=\"Limitations of simple interest\">Limitations of simple interest<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/glossary\/simple-interest\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-simple-interest\"><\/span><strong>What is simple interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Simple interest is a basic way of calculating the interest value of a <a href=\"https:\/\/www.tickertape.in\/glossary\/loan-meaning-interest-rates-types-and-repayment\/\">loan<\/a>. It is calculated by multiplying the principal amount by time and interest rate. The value obtained is then added to the principal to determine the total amount payable or receivable.&nbsp;<\/p>\n\n\n\n<p>If a loan is based on simple interest, it means that the interest is always calculated on the basis of the initial principal. This is in contrast to compound interest, where the interest amount from each period is added to the principal, and the new interest is calculated on the inflated principal amount.&nbsp;<\/p>\n\n\n\n<p>In other words, for loans based on simple interest, there is no interest on interest, and the interest amount to be paid is the same for each cycle. The same is not true for compound interest.<\/p>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-a4b8d549\"><h2 class=\"uagb-heading-text\"><span class=\"ez-toc-section\" id=\"Simple-Interest-Main-Highlights\"><\/span><strong>Simple Interest &#8211; Main Highlights\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><\/div>\n\n\n\n<ul>\n<li>Simple interest can be calculated by multiplying the principal amount by the interest rate and time. It is expressed as <strong>I = P*T*R<\/strong><\/li>\n\n\n\n<li>Simple interest is typically used for small-duration and personal loans.&nbsp;<\/li>\n\n\n\n<li>Simple interest is not the same as compound interest. In simple interest, the interest is calculated on the principal and remains the same throughout, whereas compound interest adds interest from each period, and the value is then calculated on the inflated principal.<\/li>\n\n\n\n<li>Simple interest may be lower than compound interest. But it is important to metric to understand and quickly quantify the amount payable or receivable on a loan.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How-to-calculate-simple-interest\"><\/span><strong>How to calculate simple interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Calculating simple interest is quite easy. Assuming that the interest is calculated annually, all you need to do is multiply the annual interest rate by the duration of the loan (expressed in years) and the initial principal.&nbsp;<\/p>\n\n\n\n<p>If a borrower pays a monthly instalment for a loan based on a simple interest rate, the amount paid is first used to cover the interest for that month, and the remainder is used to cover a part of the principal.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Simple-interest-formula\"><\/span><strong>Simple interest formula<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"750\" height=\"220\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-3.png\" alt=\"\" class=\"wp-image-10362\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-3.png 750w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-3-300x88.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-3-300x88@2x.png 600w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption class=\"wp-element-caption\">Image source: https:\/\/byjus.com<\/figcaption><\/figure><\/div>\n\n\n<p>The formula for simple interest is:<\/p>\n\n\n\n<p><strong>SI = P x R x T<\/strong><\/p>\n\n\n\n<p>Here, SI stands for simple interest,<\/p>\n\n\n\n<p>P stands for the principal,<\/p>\n\n\n\n<p>R is the interest rate, and<\/p>\n\n\n\n<p>T is the time period<\/p>\n\n\n\n<p>The following formula is used to compute the total amount owed:<\/p>\n\n\n\n<p><strong>A = P + I<\/strong><\/p>\n\n\n\n<p>Where A denotes the entire amount of money repaid at the conclusion of the time period, P is the principal, and I is the interest. In the case of simple interest, the above formula can also be stated as:<\/p>\n\n\n\n<p><strong>A = P(1 + RT)<\/strong><\/p>\n\n\n\n<p>A = Total amount to be repaid at the end of the loan duration<\/p>\n\n\n\n<p>P = Principal&nbsp;<\/p>\n\n\n\n<p>R = Interest rate (per annum)<\/p>\n\n\n\n<p>T = Time (in years)<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Simple-interest-formula-example\"><\/span><strong>Simple interest formula example<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here\u2019s an example to understand how simple interest works.<\/p>\n\n\n\n<p>Suppose Mr X takes a loan of Rs. 20,000 from a bank for 1 yr. The rate of interest is 10% per annum. Let\u2019s calculate the simple interest in this situation.<\/p>\n\n\n\n<p>Principal (P) = Rs. 20,000,<\/p>\n\n\n\n<p>Annual interest rate (R) = 10%, and<\/p>\n\n\n\n<p>Loan duration (T) = 1 yr.<\/p>\n\n\n\n<p>Then the simple interest for one year is:<\/p>\n\n\n\n<p><strong>Simple interest = P x R x T \/ 100<\/strong><\/p>\n\n\n\n<p>Thus, SI = 20000 \u00d7 10 \u00d7 1 \/ 100 = Rs. 2,000<\/p>\n\n\n\n<p>Hence, the total amount that Mr X has to pay back to the bank at the end of the year&nbsp;<\/p>\n\n\n\n<p>= Principal + Interest = Rs. 10,000 + Rs. 2,000 = Rs. 12,000<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Simple-interest-vs-compound-interest\"><\/span><strong>Simple interest vs compound interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"612\" height=\"290\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-4.png\" alt=\"\" class=\"wp-image-10364\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-4.png 612w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-4-300x142.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-4-300x142@2x.png 600w\" sizes=\"(max-width: 612px) 100vw, 612px\" \/><figcaption class=\"wp-element-caption\">Image source: https:\/\/www.educba.com<\/figcaption><\/figure><\/div>\n\n\n<p>As mentioned above, there are two main types of interest: simple interest and compound interest.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s discuss the differences between simple and compound interest. With simple interest, the interest amount owed is the same over every period. The interest rate is always applied to the initial principal amount.&nbsp;<\/p>\n\n\n\n<p>With compound interest, on the other hand, the interest earned is added to the principal for every period. Then interest is calculated on this higher principal value for each period, causing an exponential growth of the amount payable.&nbsp;<\/p>\n\n\n\n<p>Naturally, compound interest grows faster than simple interest.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Limitations-of-simple-interest\"><\/span><strong>Limitations of <\/strong><strong>simple interest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Simple interest is merely a tool for general interest calculation comprehension and has very limited use. Some limitations of simple interest are as follows:<\/p>\n\n\n\n<ul>\n<li>Simple interest has low utility; most banks use compound interest.&nbsp;<\/li>\n\n\n\n<li>Credit card companies and other financial institutions use compound interest to evaluate their costs. This greatly limits the usage of simple interest in the real world.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Simple interest is an easy-to-calculate kind of interest that may be associated with an <a href=\"https:\/\/www.tickertape.in\/glossary\/investment-meaning-types-how-to-invest-and-savings-vs-investments\/\">investment<\/a> or loan. It is calculated using interest rate, time period and the principal amount or the sum borrowed. Simple interest may not produce high interest as compared to compound interest but yet is important to assess loan terms better.\u00a0<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-36e850ca uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-9f731ae1\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What are the disadvantages of using simple interest?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Simple interest does not lead to the exponential growth of the total amount payable. Thus, for lenders, compound interest is more attractive.<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-2a7d2e30\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>Is simple interest applicable to my home loan?\u00a0<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Yes, in some countries, several kinds of personal loans and home mortgages are repaid through simple interest.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-b6e766c4\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>In simple interest, how does interest grow?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Simple interest is interest calculated solely on the amount borrowed or deposited. The interest rate is multiplied by the principal payment and time period. Because simple interest does not accumulate over time, investments increase at a slower rate.<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-083ef412\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>Is simple interest affected by time?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Yes, simple interest is directly impacted by time. If the time period is more, the total interest to be paid also increases.\u00a0<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Simple interest is a vital concept for individuals borrowing or investing money and can simply be defined as the cost of borrowing. It derives its name from the simplicity of its formula and usage and is an important metric in the financial world.\u00a0<\/p>\n","protected":false},"author":96,"featured_media":10189,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/2-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Nikitha","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"Simple interest is a vital concept for individuals borrowing or investing money and can simply be defined as the cost of borrowing. It derives its name from the simplicity of its formula and usage and is an important metric in the financial world.\u00a0","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10360"}],"collection":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/comments?post=10360"}],"version-history":[{"count":4,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10360\/revisions"}],"predecessor-version":[{"id":10367,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10360\/revisions\/10367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media\/10189"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media?parent=10360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/categories?post=10360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/tags?post=10360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}