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simple interest

/ˈsɪmpəl ˈɪntrəst/

1 entry

phrase

/ˈsɪmpəl ˈɪntrəst/B2formalbusiness
  • ruМетод расчета процентов по кредиту или инвестиции, при котором проценты начисляются только на первоначальную сумму основного долга, а не на накопленные проценты.

A method of calculating interest on a loan or investment where interest is computed only on the original principal amount, not on accumulated interest.

  1. Basic interest calculationB2formal

    A method of calculating interest where the interest is computed only on the original principal amount, not on accumulated interest.

    ruПростой процент

    • The bank offers a loan with simple interest at 5% per year.
    • Simple interest is easier to calculate than compound interest.
    • If you borrow $1000 at 10% simple interest for 3 years, you will owe $300 in interest.