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Definition of simple interest noun from the Oxford Advanced Learner's Dictionary

simple interest

noun

/ˌsɪmpl ˈɪntrəst/,

/ˌsɪmpl ˈɪntrest/

/ˌsɪmpl ˈɪntrəst/,

/ˌsɪmpl ˈɪntrest/

[uncountable] (finance)

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

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See simple interest in the Oxford Advanced American Dictionary

Check pronunciation: simple interest

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verb

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