simple interest


The interest calculated on a principal sum, not compounded on earned interest.

Use simple interest in a sentence

You need to make sure that you are calculating all of the simple interest before you decide on how to proceed.

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The simple interest calculation was performed by the financial analyst and then presented to management during the weekly team meeting.

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When our CEO made a short-term loan to his brother-in-law, he asked me to calculate how much his brother-in-law would owe him if he only charged him a flat simple interest fee.

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SIMPLE 401(k) Plan Annual Percentage Rate