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In terms of borrowed money, the interest rate is typically applied to the principal, which is the amount of money lent. The interest rate is the cost of debt for the borrower and the rate of return for the lender. Interest rates are applied in numerous situations where lending and borrowing is concerned.
The interest rate is the cost of debt for the borrower and the rate of return for the lender. Interest rates are applied in numerous situations where lending and borrowing is concerned.
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. 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
The interest rate is the cost of debt for the borrower and the rate of return for the lender.