- simple interest
__noun__interest paid on the principal alone•__Hypernyms__: ↑interest* * *

*noun***:**interest paid or computed on the original principal only of a loan or on the amount of an account often on the assumption that each day is 1/360of a year — compare compound interest* * *

interest payable only on the principal; interest that is not compounded.[1790-1800]* * *

**simple interest**see under ↑simple• • •Main Entry: ↑interest————————**simple interest**nounInterest calculated on the principal only• • •Main Entry: ↑simple* * *

interest earned on money that you have invested, calculated once a year on the*principal*(=the amount of money originally invested)__Thesaurus:__investing and investments_{hyponym}to invest money_{synonym}__See also:__compound interest* * *

**simple interest**,interest that is paid only on the principal of a loan, mortgage, or other obligation and not on accrued interest.* * *

__noun__[__noncount__]__finance__**:**interest paid only on the original amount of money and not on the interest it has already earned — compare ↑compound interest* * *

interest that is paid only on the original amount of money that you invested, and not on any interest that it has earned

*Useful english dictionary.
2012.*