Differentiate between the concepts interest and interest rate

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Adellam asked Feb 3, 2023

454,472 views

38 votes

Differentiate between the concepts interest and interest rate

Mathematics
college

Adellam asked Feb 3, 2023

by Adellam

2.8k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

12 votes

Interest:is what you receive on your savings from the bank

Interest rate:cost/percentage of the amount that was lend to your or what you had borrowed.

AIon answered Feb 9, 2023

by AIon

3.0k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions