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what is mean by simple interest and complex interest?

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You may want to what is meant by Simple interest and Compound interest.
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https://www.meritnation.com/ask-answer/question/what-is-a-simple-interest-and-compound-interest/commercial-mathematics/2572804
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Simple interest is a quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
Compound interest is interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest, in the next period is then earned on the principal sum plus previously-accumulated interest.
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Simple interest is only based on the principal amount of a loan, while compound interest is based on the principal amount and the accumulated interest. Simple interest is calculated by multiplying the principal amount by the interest rate and the number of periods in a loan.
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both are interests
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