Difference between revisions of "Simple interest"

Latest revision as of 00:25, August 30, 2008

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-'''Simple Interest''' is when any interest received only takes into account the principle amount and so the amount of interest will not increase over time.  An example would be a $1,000 account that pays 4% simple interest would yield $40 per year each year.  That amount would not change unless more money would be added to the account or money would be withdrawn from the account.
+#REDIRECT [[Interest#Simple interest]]
-== See Also ==
-* [[Compound interest]]
-[[Category: Economics]]