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In this chapter, we give a brief overview of simple interest at a simple interest rate. If simple interest rate is used, then for each period, an interest per period is computed as a percentage of the amount originally borrowed, and it is paid at the end of the term. Therefore, an interest per period is constant, regardless of the number of periods.

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Simple Interest

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  • 发表日期：

    2026年

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  • Zrinka Lukač

摘要

In this chapter, we give a brief overview of simple interest at a simple interest rate. If simple interest rate is used, then for each period, an interest per period is computed as a percentage of the amount originally borrowed, and it is paid at the end of the term. Therefore, an interest per period is constant, regardless of the number of periods.