How to Write a Program to Calculate Compound Interest. Whether it's figuring the mortgage on commercial property or the rate on a short-term loan, compound interest calculations are a basic ...

Simple interest is based on the principal amount of a loan, while compound interest is based on the principal plus accumulated interest. Learn more in our guide.

Compound interest allows reinvestment of earnings, increasing the principal and potential returns. Long-term compounding dramatically boosts investment growth, e.g., $10,000 grows to $174,494 in ...