simple interest
noun
: interest paid or computed on the original principal only of a loan or on the amount of an account
Examples of simple interest in a Sentence
Recent Examples on the Web
Unlike simple interest rates, APR reflects the total cost of a loan, including origination fees, closing costs, and other charges.
—
True Tamplin, Forbes, 21 Feb. 2025
For terms 1 year or less, the penalty is 90 days simple interest.
—Ryley Amond, CNBC, 31 Dec. 2024
Taxpayers who must report simple interest and dividends and capital gains and losses can also have their returns prepared at VITA sites.
—Kelly Phillips Erb, Forbes, 7 Feb. 2025
For terms greater than 1 year, the penalty is 180 days simple interest.
—Ryley Amond, CNBC, 31 Dec. 2024
Most lenders use simple interest to calculate payments on a HELOC, rather than compound interest (where interest builds on top of interest).
—Kelsey Neubauer, CNBC, 29 Oct. 2024
For terms of five to seven years, the penalty is 18 months’ simple interest.
—Andreina Rodriguez, CNBC, 10 Oct. 2024
All of the bank’s CDs have a minimum opening deposit of $1 and charge an early withdrawal penalty of 90 days simple interest.
—Andreina Rodriguez, CNBC, 8 Sep. 2024
The solution lies in a simple interest rate cap along with greater transparency, disclosure, and early judicial review of TPLF agreements.
—Claire F. Rush, New York Daily News, 16 Mar. 2024
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True Tamplin, Forbes, 21 Feb. 2025
For terms 1 year or less, the penalty is 90 days simple interest.
—Ryley Amond, CNBC, 31 Dec. 2024
Taxpayers who must report simple interest and dividends and capital gains and losses can also have their returns prepared at VITA sites.
—Kelly Phillips Erb, Forbes, 7 Feb. 2025
For terms greater than 1 year, the penalty is 180 days simple interest.
—Ryley Amond, CNBC, 31 Dec. 2024
Most lenders use simple interest to calculate payments on a HELOC, rather than compound interest (where interest builds on top of interest).
—Kelsey Neubauer, CNBC, 29 Oct. 2024
For terms of five to seven years, the penalty is 18 months’ simple interest.
—Andreina Rodriguez, CNBC, 10 Oct. 2024
All of the bank’s CDs have a minimum opening deposit of $1 and charge an early withdrawal penalty of 90 days simple interest.
—Andreina Rodriguez, CNBC, 8 Sep. 2024
The solution lies in a simple interest rate cap along with greater transparency, disclosure, and early judicial review of TPLF agreements.
—Claire F. Rush, New York Daily News, 16 Mar. 2024
Cite this Entry
“Simple interest.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/simple%20interest. Accessed 27 Feb. 2025.
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