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 ...

The practice by South African banks of advertising simple interest rates on fixed deposits has become more widespread. Only two banks in the “Big Five”, FNB and Capitec, have not resorted to ...

The benefit of a fixed-rate mortgage is simple: You can know with absolute certainty what your principal and interest payment will be every month. There’s no risk of it increasing, keeping the ...