The rate of interest is different in different countries, for different amounts, for different periods, for different purposes, from different lenders, for different borrowers and so on. You need to be more specific.
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Compound interest
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
If the interest is reinvested and so itself gains interest (in the next interest period) it is compound interest.
It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.