Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. It can be classified as simple interest or compound interest.

The formula for calculating simple interest in a savings account is Interest = P * R * T. Multiply the account balance by the interest rate by the time period.

Learn about and revise how to calculate percentages to solve real life problems, such as compound interest, with this BBC Bitesize GCSE Edexcel guide.

Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Learn the difference between simple and compound interest, what happens when you open a bank account or take a loan, with a KS3 Maths guide from BBC Bitesize.

APY and interest rate are related to each other, but they are not the same.

Simply put, compound interest is interest earned on interest. It’s a powerful tool to maximize your savings, and there are several types of compound interest-earning accounts to choose from. We ...

Using a low interest credit card can save you big while helping you minimize debt or get rid of it more quickly. See our expert recommendations.

The Inflation Panic Is All Wrong. How Tariffs Could Lead to Interest Rate Cuts. By Julia Graf Aug 14, 2025, 10:16 am EDT Share ...

Now 21, Robertson said finances are partially a personal interest project, but he’s also learned to pay attention out of necessity as a post-secondary student navigating an affordability crisis.