# Simple Interest

**Definition of "Simple Interest":** Simple interest is a quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments

## Content tagged with: Simple Interest

### The Fundamentals of Percentages in GCSE Maths

Percentages, a fundamental concept in mathematics, hold a prominent place in GCSE Maths. In this comprehensive blog post, we’ll explore various aspects of percentages, from calculating percentages of an amount to understanding percentage gain or loss, increases and decreases, and delving into the realms of reverse percentages, simple interest, and compound interest.

Read more