SIMPLE INTEREST • FREE TRANSLATOR.ORG • Definition of Simple interest

"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