Simple Interest

Zrinka Lukač ()
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Zrinka Lukač: University of Zagreb, Faculty of Economics & Business

Chapter 24 in Economic Analysis Through Mathematics, 2026, pp 543-552 from Springer

Abstract: Abstract 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.

Keywords: Simple interest; Principal; Present value; Accumulated value; Maturity value; Accumulation factor at a simple interest rate; Discount factor at a simple interest rate; Discounted value; Present value; Exact simple interest; Ordinary simple interest; Banker’s rule; Exact time; Approximate time (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-032-08812-3_24

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DOI: 10.1007/978-3-032-08812-3_24

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