Jul 082020
 

A method of determining interest in which interest is earned only on the original investment (or principal) amount

I hope that my definition has helped you understand what Simple Interest is. If not, please do leave a comment below. I read every comment and will reply to clarify your questions just as soon as I can.

If you are interested in finding out more on explanations of banking words such as Simple Interest then please sign up for the ‘Word of the Day’ email. You will receive one definition in your mailbox each morning. Its a great way to learn some new terms which will really help you be an all-round expert at work.

Your thoughts

Did the definition of Simple Interest help you? Please leave your comments below.

 Leave a Reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

(required)

(required)