interest payable only on the principal; interest that is not compounded.
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15 Quotes About Appreciating the Simple ThingsRead more in this article about some frequently asked questions and fun facts related to our definitions.
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- simple harmonic motion,
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Origin of simple interest
First recorded in 1790–1800
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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
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.
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