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

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

9.4m questions

12.2m answers

Categories