This is simple interest only and is at a flat rate of 8 per cent.
The ceiling on all new loans was to be ten percent simple interest.
Have you ever thought that maybe this boy began with a simple interest in the camps?
Er, increases by ten percent simple interest per year, for the first five years, and then stays level.
By May his debt (with 10% simple interest per month) has grown to 5100.
There was no expression on his daughter's face beyond simple interest in the discussion.
At the end of the first year, simple interest and compound interest earn the same return.
With other accounting methods, like simple interest, there is no hidden charge.
"We think simple interest is more consumer friendly," she said.
His question held no pity, just a simple, direct interest.