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Interest rate
/ˈɪntɹəst ɹˈeɪt/
/ˈɪntɹəst ɹˈeɪt/
Interest rate
[NOUN]1
the amount that a lender charges a borrower for the use of money, typically calculated based on the amount of the loan and the length of the borrowing period
synonyms : rate of interest
Examples
1. And the price of money is interest rates.
2. The price of borrowing money is the interest rate.
3. The other one is related to interest rates.
4. Interest rates went down.
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