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What is the Interest rate

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User Knpsck
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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"


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User Shakthydoss
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