simple interest Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “simple interest” in the English Dictionary

"simple interest" in British English

See all translations

simple interestnoun [U]

uk   us  
money that is ​paid only on an ​originalamount of ​money that has been ​borrowed or invested, and not on the ​extramoney that the ​originalamountearns
(Definition of simple interest from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"simple interest" in Business English

See all translations

simple interestnoun [U]

uk   us   FINANCE
interest that is ​calculated only on the ​amount of ​moneyinvested or ​borrowed and not on the ​interest that has already been ​added to it: If you ​borrow $1,000 at 12% ​per annum simple ​interest without ​paying back any ​capital, the ​interest is $120 at the end of each and every ​year.
(Definition of simple interest from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “simple interest”
in Chinese (Simplified) 单利…
in Chinese (Traditional) 單利…
What is the pronunciation of simple interest?
Add Cambridge dictionaries to your browser to your website
Word of the Day

parade

a large number of people walking or in vehicles, all going in the same direction, usually as part of a public celebration of something

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More