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Compound interest earns the account holder more than simple interest because it uses accrued interest in the growth calculations. Interest will benefit your savings account, but not your debt account.

Fixed deposits (FDs) are among the most reliable investment options, offering steady returns and financial security. For ...

Here it is £20 × 1.05. Before using a calculator can you estimate the answer in your head? Saoirse puts \(£250\) into a savings account which gives simple interest at a rate of \(7.5\%\) per ...