MANAGEMENT

Detailed explanation-1: -Simple (Regular) Interest Simple or regular interest is the amount of interest due on the loan, based on the principal loan outstanding.

Detailed explanation-2: -Interest: Money paid regularly at a particular rate for the use of money lent. Interest Rate: The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Detailed explanation-3: -Interest is money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of debt.

Detailed explanation-4: -There are essentially three main types of interest rates: the nominal interest rate, the effective rate, and the real interest rate. The nominal interest of an investment or loan is simply the stated rate on which interest payments are calculated.