« Back to Glossary Index« Back to Glossary Index
Tags: finance
Categories: Economics & Finance
Simple interest rate is calculated only on the original principal, which means the accumulated interest from previous time periods is not added during the calculations for the periods to come.
(Read more: http://www.ehow.com/facts_5943887_definition-simple-interest-rate_.html#ixzz2kGppkwqV)
Related Articles: