Simple interest is the interest calculated on the original principle amount of a loan.
Recent Mentions on Fool.com
- What Would Lifting the Crude Oil Export Ban Mean for Producers?
- How Cheap Is Boardwalk Pipeline Partners LP?
- Gamer Survey Shows Why GameStop Might Not Be Doomed After All
- Apple Moves to Take On Google -- in Your Car
- 7 Simple Questions to Help You Plan For Retirement
- Can These 3 Companies Save the Biofuels Business?