Rate of percentage interest
Rate of interest definition is - the percentage usually on an annual basis that is paid by the borrower to the lender for a loan of money. Jan 30, 2018 The annual percentage rate is different from the simple interest rate in the sense that it measures a broader cost of a true loan. It reflects the Sep 19, 2018 APY (annual percentage yield) refers to what you can earn in interest while APR ( annual percentage rate) refers to what you can owe in interest