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, ...

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 this ...

A simple interest loan doesn’t charge you additional interest on your accrued interest. In other words, the only interest you pay is on the outstanding principal balance of your loan. Auto loans and ...