Bar graphs seem like one of the simplest ways to represent data. Many people assume that the longer the bar, the bigger the number it represents. Sometimes bar graphs represent an average not a total ...

A simple interest loan calculates the interest based only on the principal you owe. It stands in contrast to a compound interest loan, which calculates interest based on principal and any outstanding ...

Simple interest is paid only on the principal, e.g., a $10,000 investment at 5% yields $500 annually. Compound interest accumulates on both principal and past interest, increasing total returns over ...