Differentiate between the concepts interest and interest rate

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asked Jul 17, 2023 213k views

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Tehsis · Answer 1 · 2023-07-22T08:07:10+0000

Interest:is what you receive on your savings from the bank

Interest rate:cost/percentage of the amount that was lend to your or what you had borrowed.

Differentiate between the concepts interest and interest rate

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Differentiate between the concepts interest and interest rate