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Also available:
World English Dictionary
Dictionnaire Français
simple interest
sim·ple in·ter·est
noun
Definition:
interest that is not compounded:
interest on an investment that is calculated once per period, usually annually, on the amount of the capital alone and not on any interest already earned
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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