simple interest

1. 1.

   interest paid on the principal alone

   Broaderinterest

Questions about simple interest

What does simple interest mean?

simple interest means "interest paid on the principal alone".

Is simple interest a common word?

simple interest is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.