simple interest


finance : interest paid only on the original amount of money and not on the interest it has already earned

Full Definition of SIMPLE INTEREST

:  interest paid or computed on the original principal only of a loan or on the amount of an account

First Known Use of SIMPLE INTEREST



Next Word in the Dictionary: simple intervalPrevious Word in the Dictionary: simple immersionAll Words Near: simple interest
July 06, 2015
categorical Hear it
absolute or relating to a category
Take a 3-minute break and test your skills!
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears