Meaning Of The Word Simple interest
What's the definition of Simple interest? Find Simple interest meanings, definitions and more at the Real Dictionary online.
Simple interest Meaning
| Simple interest Definition |
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What's The Definition Of Simple interest?
simple interest
uncountable noun: Simple interest is interest that is calculated on an original sum of money and not also on interest which has previously been added to the sum. Compare compound interest. simple interest in American English interest computed on principal alone, and not on principal plus interest noun: interest payable only on the principal; interest that is not compounded simple interest in British English noun: interest calculated or paid on the principal alone |
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