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TeachMeFinance.com - explain simple interest simple interest The term 'simple interest' as it applies to the area of basic math can be defined as 'a fixed percent calculated on a principal amount without regard to accrued interest'. Previous 5 Terms: silviculture silviculture simian similar figures similiter Next 5 Terms: simple investigation simple polygon simplest form simplify simulation About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.