The interest calculated on a principal sum, not compounded on earned interest.
Related information about simple interest:
- Simple Interest Formula
Calculate Simple Interest, Principal, Rate or Time when 3 Values are Known. By Deb Russell, About.com Guide. 1 of 7. Previous Next. Calculating Interest: ...
- Simple Interest Definition | Investopedia
Simple interest is determined by multiplying the interest rate by the principal by ... Simple interest is called simple because it ignores the effects of compounding.
- Simple Interest Calculator - WebMath
Simple interest is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, ...
- Simple Interest
The formula for finding simple interest is: Interest = Principal * Rate * Time. If $100 was borrowed for 2 years at a 10% interest rate, the interest would be ...
- Interest - Wikipedia, the free encyclopedia
Simple interest is calculated only on the principal amount, or on that portion of ... The amount of simple interest is calculated according to the following formula: ...
- Simple and Compound Interest Rates
Simple interest is calculated on the original principal only. Accumulated interest from prior periods is not used in calculations for the following periods. Simple ...
- How Does Simple Interest Work? - The Mortgage Professor
If two mortgage loans are exactly the same but one is simple interest, you will pay more interest on it unless you systematically make your monthly payment ...
- Return to Calculating Simple Interest - LearningWave
Interest formulas can be quite complicated and difficult to understand. Interest plays a major role in our everyday lives. The simple interest formula is a basic ...