simple interest

simple interest Word Origin noun

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

Origin of simple interest First recorded in 1790–1800 Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019 British Dictionary definitions for simple interest simple interest noun

1. interest calculated or paid on the principal aloneCompare compound interest

Collins English Dictionary – Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012 simple interest in Science simple interest

1. 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 © 2011. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.