Dictionary
simple interest
noun
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
See simple interest defined for English-language learners
See simple interest defined for kids
ADVERTISEMENT
First Known Use of SIMPLE INTEREST
1798
Rhymes with SIMPLE INTEREST
Browse
Next Word in the Dictionary: simple intervalPrevious Word in the Dictionary: simple immersionAll Words Near: simple interest
ADVERTISEMENT
Seen & Heard
What made you want to look up simple interest? Please tell us where you read or heard it (including the quote, if possible).