Interest Rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.
Updated on: Oct 31 2018
Students Don't Have the Same Low Interest Rates As Big Banks
Posted: October 12, 2018

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