What is the typical relationship between time and interest rate?

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asked Jun 13, 2018 229k views

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Hckr · Answer 1 · 2018-06-19T15:11:26+0000

The interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. and the time determines how much is gained off an interest rate.

What is the typical relationship between time and interest rate?

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