simple-interest

simple interest

noun
interest payable only on the principal; interest that is not compounded.

Origin:
1790–1800

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
simple interest
 
n
Compare compound interest interest calculated or paid on the principal alone

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Science Dictionary
simple interest  
Interest computed only on the original principal and not on the sum of the principal plus accrued interest. The amount of simple interest remains constant. Compare compound interest.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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