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Simple interest is a term that is used for quickly calculating the interest charge on a loan.

Q: Definition of simple interest

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The answer for rate in simple interest is =rate= simple interest\principle*time

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.

Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.

simple interest

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Interest paid on interest previously received is the best definition of compounding interest.

Base rate is the rate of interest which is considered as a basis by commercial bank for their lending rate..

The answer for rate in simple interest is =rate= simple interest\principle*time

There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.

Lack of interest or feeling is a definition for depression.

Interest paid on interest previously received is the best definition of compounding interest.

It is interest on simply the original capital. After the first period, compound interest involves interest on the interest earned in previous periods and soit not simple.

Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.

The formula for simple interest is: A=P(1+rt)

Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.