释义 |
Simple InterestInterest which is paid only on the Principal and not on the additional amount generated by previousInterest payments. A formula for computing simple interest is
where is the sum of Principal and Interest at time for a constant interest rate .See also Compound Interest, Interest References
Kellison, S. G. Theory of Interest, 2nd ed. Burr Ridge, IL: Richard D. Irwin, 1991.
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