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90s Slang You Should Know

simple interest

interest payable only on the principal; interest that is not compounded.
Origin of simple interest
First recorded in 1790-1800 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for simple interest
Historical Examples
  • Savings from simple interest itself constitute the third contribution.

  • His features wore an admirable expression of simple interest.

    Sandra Belloni, Complete George Meredith
  • He did not realize that these installments were only simple interest upon the sums due him.

    The Age of Invention Holland Thompson
  • She made acquaintances right and left, and took a simple interest in everybody and everything.

    That Fortune Charles Dudley Warner
  • The present generation becomes debtor to him who excels, but the future will discharge that debt with more than simple interest.

  • The solution of problems in simple interest confronts the pupils with new situations in which this principle can be applied.

  • The mill and its contents earn for their operator nothing but simple interest on the money they have cost.

  • Finally, Sir Joseph Banks joined the expedition, out of simple interest, anxious to employ his energy and fortune.

  • Nancy had come there in her leisure just out of simple interest, she told herself.

    The Man in the Twilight Ridgwell Cullum
  • The children saw them burn with simple interest in each new conflagration.

    Mr. Kris Kringle S. Weir Mitchell
British Dictionary definitions for simple interest

simple interest

interest calculated or paid on the principal alone Compare 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
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simple interest in Science
simple interest  
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 © 2002. Published by Houghton Mifflin. All rights reserved.
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