Examples of Simple interest in a sentence
Simple interest shall be assessed at the Current Value of Funds Rate as established by the Secretary of the Treasury.
Simple interest on claims shall be paid at the rate, fixed by the Secretary of the Treasury as provided in the Act, which is applicable to the period during which the Contracting Officer receives the claim and then at the rate applicable for each 6-month period as fixed by the Treasury Secretary during the pendency of the claim.
Simple interest will be calculated at the lower of the Interest Index or six (6) percent per annum.
Simple interest shall be paid at the Average Bank Rate plus 3 % per year on any amount which is overdue.
Simple interest on deposits at a rate established annually by the Maryland Public Service Commission shall be applied annually as a credit to the Customer's account and so indicated on the January bill.