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Simple interest   /sˈɪmpəl ˈɪntrəst/   Listen
Simple interest

noun
1.
Interest paid on the principal alone.





WordNet 3.0 © 2010 Princeton University


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"Simple interest" Quotes from Famous Books



... property, to furnish the inhabitants with ardent spirits, at the present rate of drinking, only one hundred years. But should the town continue to drink as they now do for fifty years, and in the mean time suffer the cost of the spirits to accumulate by simple interest only, the whole town, at the end of the term, could not pay their rum bills. It can be no consolation that all other towns ...
— Select Temperance Tracts • American Tract Society


Words linked to "Simple interest" :   interest


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