Definitions
There is 1 meaning of the phrase
Simple Interest.
Simple Interest - as a noun
Interest paid on the principal alone
Example Sentences
"To calculate the simple interest, multiply the principal amount by the interest rate."
"He earned $500 in simple interest over the course of one year."
"The formula to find the simple interest is I = PRT."
"The bank offers a simple interest rate of 3% per annum."
"We need to know the principal, interest rate, and time to calculate the simple interest."
