# simple interest

- The calculation of
*****interest on a sum of*****money by applying an*****interest rate to the original sum of money alone (and not to previously accumulated interest). Contrast*****compound interest.

*Auditor's dictionary.
2014.*

### Look at other dictionaries:

**simple interest**— interest calculated as a simple percentage of the original principal amount. Compare to compound interest. Bloomberg Financial Dictionary * * * simple interest simple interest ➔ interest * * * The cost of borrowing, or the return on lending… … Financial and business terms**Simple interest**— Interest calculated only on the initial investment. Related:compound interest. The New York Times Financial Glossary * * * simple interest simple interest ➔ interest * * * The cost of borrowing, or the return on lending money. It is calculated … Financial and business terms**Simple interest**— Simple Sim ple, a. [Compar. {Simpler}; superl. {Simplest}.] [F., fr. L. simplus, or simplex, gen. simplicis. The first part of the Latin words is probably akin to E. same, and the sense, one, one and the same; cf. L. semel once, singuli one to… … The Collaborative International Dictionary of English**Simple interest**— Interest In ter*est, n. [OF. interest, F. int[ e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.] [1913… … The Collaborative International Dictionary of English**simple interest**— see interest 5 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary**simple interest**— n [U] ↑interest that is calculated on the sum of money that you first ↑invested, and does not include the interest it has already earned →↑compound interest … Dictionary of contemporary English**simple interest**— n. interest computed on principal alone, and not on principal plus interest: cf. COMPOUND INTEREST … English World dictionary**simple interest**— noun uncount BUSINESS interest earned on money you have invested, calculated once a year on the PRINCIPAL (=the amount of money originally invested) ─ compare COMPOUND INTEREST … Usage of the words and phrases in modern English**simple interest**— noun interest paid on the principal alone • Hypernyms: ↑interest * * * noun : interest paid or computed on the original principal only of a loan or on the amount of an account often on the assumption that each day is 1/360of a year compare… … Useful english dictionary**Simple Interest**— A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate by the principal by the number of periods. Where: P is the loan amount I is the interest rate N is the duration of the… … Investment dictionary**simple interest**— N UNCOUNT 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 … English dictionary