Simple Interest
Interest applied to the original sum invested (as opposed to compound interest). Eg. 1000 invested over two years at 10% per year simple interest will yield a gross total of 1200 at the end of the period (10% of 1000=100 per year).
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Interest applied to the original sum invested (as opposed to compound interest). Eg. 1000 invested over two years at 10% per year simple interest will yield a gross total of 1200 at the end of the period (10% of 1000=100 per year).
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