Two main types of interest can be applied to loans—simple and compound. Simple interest is a set rate on the principle originally lent to the borrower that the borrower has to pay for the ability to use the money.  Over your life, you will have to encounter at least one of the following types of interest rates. In this episode, we discuss how interest rate works for every type of loan that you  might need w chat about what can be a better alternative

1. Credit Card Interest rates
2. Day loan interest rate
3. Amortization Interest rate
4. Car loans 





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