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Simple interest   /sˈɪmpəl ˈɪntrəst/   Listen
noun
Interest  n.  
1.
Excitement of feeling, whether pleasant or painful, accompanying special attention to some object; concern; a desire to learn more about a topic or engage often in an activity. Note: Interest expresses mental excitement of various kinds and degrees. It may be intellectual, or sympathetic and emotional, or merely personal; as, an interest in philosophical research; an interest in human suffering; the interest which an avaricious man takes in money getting. "So much interest have I in thy sorrow."
2.
(Finance, Commerce) Participation in advantage, profit, and responsibility; share; portion; part; as, an interest in a brewery; he has parted with his interest in the stocks.
3.
Advantage, personal or general; good, regarded as a selfish benefit; profit; benefit. "Divisions hinder the common interest and public good." "When interest calls of all her sneaking train."
4.
(Finance) A fee paid for the use of money; a fee paid for a loan; usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars. "They have told their money, and let out Their coin upon large interest."
5.
Any excess of advantage over and above an exact equivalent for what is given or rendered. "You shall have your desires with interest."
6.
The persons interested in any particular business or measure, taken collectively; as, the iron interest; the cotton interest.
Compound interest, interest, not only on the original principal, but also on unpaid interest from the time it fell due.
Simple interest, interest on the principal sum without interest on overdue interest.



adjective
Simple  adj.  (compar. simpler; superl. simplest)  
1.
Single; not complex; not infolded or entangled; uncombined; not compounded; not blended with something else; not complicated; as, a simple substance; a simple idea; a simple sound; a simple machine; a simple problem; simple tasks.
2.
Plain; unadorned; as, simple dress. "Simple truth." "His simple story."
3.
Mere; not other than; being only. "A medicine... whose simple touch Is powerful to araise King Pepin."
4.
Not given to artifice, stratagem, or duplicity; undesigning; sincere; true. "Full many fine men go upon my score, as simple as I stand here, and I trust them." "Must thou trust Tradition's simple tongue?" "To be simple is to be great."
5.
Artless in manner; unaffected; unconstrained; natural; inartificial;; straightforward. "In simple manners all the secret lies."
6.
Direct; clear; intelligible; not abstruse or enigmatical; as, a simple statement; simple language.
7.
Weak in intellect; not wise or sagacious; of but moderate understanding or attainments; hence, foolish; silly. "You have simple wits." "The simple believeth every word; but the prudent man looketh well to his going."
8.
Not luxurious; without much variety; plain; as, a simple diet; a simple way of living. "Thy simple fare and all thy plain delights."
9.
Humble; lowly; undistinguished. "A simple husbandman in garments gray." "Clergy and laity, male and female, gentle and simple made the fuel of the same fire."
10.
(BOt.) Without subdivisions; entire; as, a simple stem; a simple leaf.
11.
(Chem.) Not capable of being decomposed into anything more simple or ultimate by any means at present known; elementary; thus, atoms are regarded as simple bodies. Cf. Ultimate, a. Note: A simple body is one that has not as yet been decomposed. There are indications that many of our simple elements are still compound bodies, though their actual decomposition into anything simpler may never be accomplished.
12.
(Min.) Homogenous.
13.
(Zool.) Consisting of a single individual or zooid; as, a simple ascidian; opposed to compound.
Simple contract (Law), any contract, whether verbal or written, which is not of record or under seal.
Simple equation (Alg.), an equation containing but one unknown quantity, and that quantity only in the first degree.
Simple eye (Zool.), an eye having a single lens; opposed to compound eye.
Simple interest. See under Interest.
Simple larceny. (Law) See under Larceny.
Simple obligation (Rom. Law), an obligation which does not depend for its execution upon any event provided for by the parties, or is not to become void on the happening of any such event.
Synonyms: Single; uncompounded; unmingled; unmixed; mere; uncombined; elementary; plain; artless; sincere; harmless; undesigning; frank; open; unaffected; inartificial; unadorned; credulous; silly; foolish; shallow; unwise. Simple, Silly. One who is simple is sincere, unaffected, and inexperienced in duplicity, hence liable to be duped. A silly person is one who is ignorant or weak and also self-confident; hence, one who shows in speech and act a lack of good sense. Simplicity is incompatible with duplicity, artfulness, or vanity, while silliness is consistent with all three. Simplicity denotes lack of knowledge or of guile; silliness denotes want of judgment or right purpose, a defect of character as well as of education. "I am a simple woman, much too weak To oppose your cunning." "He is the companion of the silliest people in their most silly pleasure; he is ready for every impertinent entertainment and diversion."






Collaborative International Dictionary of English 0.48








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"Simple interest" Quotes from Famous Books



... compound interest is right. When simple interest is due and paid, it may be loaned to another party, and thus the usurer secures interest upon his interest, though not from the same debtor. When the interest is to be paid annually, it is to be assumed, if not ...
— Usury - A Scriptural, Ethical and Economic View • Calvin Elliott

... proportionately the wealth of the country. With these we should pay all the emancipation would cost, together with our other debt, easier than we should pay our other debt without it. If we had allowed our old national debt to run at six per cent. per annum, simple interest, from the end of our revolutionary struggle until to-day, without paying anything on either principal or interest, each man of us would owe less upon that debt now than each man owed upon it then; and this because ...
— The Papers And Writings Of Abraham Lincoln, Complete - Constitutional Edition • Abraham Lincoln

... was allowed for the convenience of manufacturers and merchants; 12 was granted to nautical insurance, which the wiser ancients had not attempted to define; but, except in this perilous adventure, the practice of exorbitant usury was severely restrained.[33] The most simple interest was condemned by the clergy of the East and West; but the sense of mutual benefit, which had triumphed over the laws of the republic, had resisted with equal firmness the decrees of the Church, and even the ...
— The Great Events by Famous Historians, Volume 4 • Various

... Oadpur, General Watson hastened thither. He had letters of introduction from sundry persons who wished to get rid of him to sundry others who had no desire to assist in any way. But the old man's naivete and characteristically simple interest in details soon made their way, while Bertha's wise little smile carried all before it. It somehow conveyed the impression that she knew a thing or two of which we were ignorant, and like one man we fell to desiring knowledge of those things. I was ...
— Tomaso's Fortune and Other Stories • Henry Seton Merriman

... competition is not good for the female mind; that we are too competitive by nature—too ambitious! Yes, we are so ambitious that we would enter the lists with those who are asked in Public Examinations to find the simple interest on 1,000 pounds for 5 years at 6-1/4 per cent.; so ambitious that we would compete with those who are requested to disclose the first aorist middle of [Greek: tupto]. Oh, think of the mental strain involved in such questions! How it must ruin your health to find out how many times a wheel ...
— The Romance of Mathematics • P. Hampson



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