suchita_pawar asked 6 years ago
8 Answers
Rani Kedare answered 6 years ago
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.
Ramkrushna Rajole answered 6 years ago
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.
Aslam
nileshpatil1834
Quorans
kadam123 answered 5 years ago
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
somnath_kamade answered 5 years ago
The interest rate is the cost of debt for the borrower and the rate of return for the lender.
Sameer1