175k views
0 votes
What is the Interest rate

User Knpsck
by
7.6k points

1 Answer

5 votes

Answer:

in·ter·est rate

[interest rate]

NOUN

interest rates (plural noun)

the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

"reduced interest rates encourage people to spend money on home improvements" · "an interest rate of 10 percent"


User Shakthydoss
by
7.8k points

No related questions found