simple interest Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “simple interest” in the English Dictionary

"simple interest" in British English

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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

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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…
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