Simple Interest

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Definition: Simple Interest

Simple Interest

Quick Summary of Simple Interest

Simple interest is the interest calculated on the original principle amount of a loan.

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Related Phrases

Compound interest
Interest

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/simple-interest/
Modern Language Association (MLA):
Simple Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/simple-interest/.
Chicago Manual of Style (CMS):
Simple Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/simple-interest/ (accessed: April 16, 2024).
American Psychological Association (APA):
Simple Interest. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/simple-interest/

Definition Sources

Definitions for Simple Interest are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th August, 2021 | 0 Views.