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LSDefine

Simple English definitions for legal terms

simple interest

Read a random definition: employment contract

A quick definition of simple interest:

Simple interest is when you earn money on the money you have saved. It's like a reward for keeping your money in a bank account. The bank pays you a certain percentage of your savings as interest. The more money you save, the more interest you earn. It's a way to make your money grow without doing anything!

A more thorough explanation:

Definition: Simple interest is a type of interest that is calculated on the principal amount of a loan or investment. It is a fixed percentage of the principal amount that is paid as interest over a certain period of time.

Example: If you borrow $1000 at a simple interest rate of 5% per year for 2 years, you will have to pay back $1100 at the end of the 2-year period. This is because the interest is calculated as 5% of the principal amount ($1000) for each year, which comes to $100 for 2 years. So, the total amount you have to pay back is $1000 (principal) + $100 (interest) = $1100.

This example illustrates how simple interest works. The interest is calculated only on the principal amount and does not take into account any interest that has already been paid. This makes it different from compound interest, where the interest is calculated on both the principal amount and any interest that has already been earned.

simple-contract debt | simple kidnapping

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m10
20:42
Get the ones that are dressed up then!
@JumpySubsequentDolphin: LITERALLY I also just applied to work at garage cuz 50% EMPLOYEE DISCOUNT
m10
20:43
Or legacy collection v1
JumpySubsequentDolphin
20:43
@SplitterusClitterus: GARAGE JEANS FIT ME SO WEIRDLY WHICH SUCKS BC THEYRE SO CUTE
m10
20:43
The cool thing about V2 was it was an infinitely generating collection so they would have never sold out but they ended it early cus of the bear market.
@JumpySubsequentDolphin: NAURRR i need to try them on to see. ive never owned anything from them exceot maybe a tank in middle school?? but ive been a longtime lurker/windowshopper/fan
JumpySubsequentDolphin
20:45
SPLITTY if their jeans fit on my thighs they’re too big on my waist!!! it’s so frustrating
NOOO THEIR WHITE GIRL JEANS actually idk why im surprised
THEYRE**** THAT WAS AUTOCORREXT I SWEAR
babycat
20:46
@m10: infinitely generating means it comes up with new pictures? or new copies of the same pictures?
JumpySubsequentDolphin
20:46
if you’re the slightest bit curvy they are so obnoxious. me and my Abercrombie curve love’s are good together
SHUT UP I LOVE ABERCROMBIE JEANS
m10
20:47
Did y'all see this from ararara last night? https://studicata.com/case-briefs/all/
THOSE FIT SOO GOOD. i desperately need new jeans tho i ahvent gone shopping in millennia so a discount would come in clutch
JumpySubsequentDolphin
20:48
I got these jeans from re/done on a crazy sale and I love them BYT RHEY HAVE FIVE BUTTONS
JumpySubsequentDolphin
20:48
I DIDNT REALIZE WHEJ I BOUGHT THEM BC THEYRE HIDDEN. LIKE INSTEAD OF A ZIPPER THEYREBALL BUTTONS
JumpySubsequentDolphin
20:48
what if I have to pee.
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
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