{"id":3437,"date":"2022-08-03T10:58:25","date_gmt":"2022-08-03T10:58:25","guid":{"rendered":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/?p=3437"},"modified":"2024-08-27T05:32:10","modified_gmt":"2024-08-27T05:32:10","slug":"simple-vs-compound-interest","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/microsoft-365-life-hacks\/budgeting\/simple-vs-compound-interest","title":{"rendered":"Understanding the Differences Between Simple vs. Compound Interest"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-8\">\n<p class=\"c-paragraph-3\">If you financed your car, own any credit cards, are paying back student loans, or have bought a house, you\u2019re probably paying some type of interest on your balances. Do you know if they\u2019re simple interest rates or compounded interest? <\/p>\n<\/div>\n<div class=\"full-bleed-image\"><picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/100-1600x600-1.jpg\" media=\"(min-width:767px) and (max-width:1600px)\" \/><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/100-1600x600-1.jpg\" media=\"(min-width:540px) and (max-width:767px)\" \/><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/100-1600x600-1.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/2022\/08\/100-1600x600-1.jpg\" alt=\"\"\/><\/picture><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the difference between simple and compound interest can save you from paying a lot of unnecessary debt.<\/p>\n","protected":false},"author":1,"featured_media":3440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-3437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Understand Simple vs. Compound Interest \u2013 Microsoft 365<\/title>\n<meta name=\"description\" content=\"Understand the differences between simple vs. compound interest with this primer from Microsoft 365. Lower your loan balances by choosing the best interest type for your accounts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How to Understand Simple vs. Compound Interest \u2013 Microsoft 365\" \/>\n<meta name=\"twitter:description\" content=\"Understand the differences between simple vs. compound interest with this primer from Microsoft 365. Lower your loan balances by choosing the best interest type for your accounts.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/m365contenthub.wpengine.com\/wp-content\/uploads\/2022\/08\/100-800x550-1.jpg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Understand Simple vs. Compound Interest \u2013 Microsoft 365","description":"Understand the differences between simple vs. compound interest with this primer from Microsoft 365. 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