SIMPLE INTEREST


Meaning of SIMPLE INTEREST in English

Simple interest is interest that is calculated on an original sum of money and not also on interest which has previously been added to the sum. Compare compound interest . ( BUSINESS )

≠ compound interest

N-UNCOUNT

Collins COBUILD Advanced Learner's English Dictionary.      Английский словарь Коллинз COBUILD для изучающих язык на продвинутом уровне.