simple interest

noun

Definition of simple interest

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

1798

First Known Use of simple interest

1798


SIMPLE INTEREST Defined for English Language Learners

simple interest

noun

Definition of simple interest for English Language Learners

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


Law Dictionary

simple interest

  1. see interest 5

Learn More about simple interest


Seen and Heard

What made you want to look up simple interest? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

clearly seen through or understood

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

  • manet-jeanne-spring
  • Which is a synonym of chaffer?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ