simple interest

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Definitions from WordNet

Noun simple interest has 1 sense

simple interest - interest paid on the principal alone
--₁ is a kind of interest

Definitions from the Web

Simple Interest

Description:

Simple interest refers to the interest calculated on the original principal amount of a loan or investment, without taking into account any additional factors such as compounding.

Senses:

Noun: A basic form of interest calculation on a loan or investment.

Usages:

1. Noun:

a) The student learned how to calculate simple interest using a formula.

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