For loans interest I think it should be bog simple to give and receive a loan as in “you’re borrowing $200. Please give me $210 by X date” and its done. No number that increases infinitely, the common person can easily understand it and it can be easily taught in schools.
For loans interest I think it should be bog simple to give and receive a loan as in “you’re borrowing $200. Please give me $210 by X date” and its done. No number that increases infinitely, the common person can easily understand it and it can be easily taught in schools.