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What is simple interest?

What is simple interest? Here are some definitions.

Noun
  1. (finance) interest paid only on the principal.
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Examples
The result assumes a simple interest rate calculation and that interest payments have not been reinvested.
They gave her simple interest on it and they absolved her of her liability for the occupation rent.
Interest on your savings can be calculated two different ways: simple interest and compound interest.
For registered plans, simple interest must be paid to the Daily Interest Fund.
The lender would then sue and only be entitled to simple interest on the judgment.
Equity awarded simple interest at a time when courts of law had no right under common law or statute to award any interest.

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