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3.2: Simple Interest
https://stats.libretexts.org/Courses/Fullerton_College/Math_100%3A_Liberal_Arts_Math_(Ikeda)/03%3A_Finance/3.02%3A_Simple_Interest
Discussing interest starts with the principal, or amount your account starts with. This could be a starting investment, or the starting amount of a loan. Interest, in its most simple form, is calculat...Discussing interest starts with the principal, or amount your account starts with. This could be a starting investment, or the starting amount of a loan. Interest, in its most simple form, is calculated as a percent of the principal.

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