Author of this content has low reputation.

LeoGlossary: Simple Interest

leoglossary(-2)
Published in
LeoFinance
Words
32
Reading
1 min
Listen
Play
4y

The interest paid on the principle money deposited. There is no interest paid on the interest earned.

This is in contrast to compound interest.

leoglossary
bankglossary
simpleinterest
money
fund
compoundinterest
bank
cash
leofinance
via leofinance
This post was published via leofinance. Ecency is not the originator or editor of this content and displays it for discovery purposes only.
0