Meaning Of The Word Simple interest

Real Dictionary

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
Simple interest Definition

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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