simple interest
interés simple
interest paid only on the original amount, found with the formula I = P × r × t.
Example
$1,000 at 5% simple interest for 3 years earns $1,000 × 0.05 × 3 = $150.
In Spanish
interés simple — interés que se paga solo sobre la cantidad original; se calcula con la fórmula I = P × r × t.
$1,000 al 5% de interés simple durante 3 años ganan $1,000 × 0.05 × 3 = $150.