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What is interest? Definition, how it works and examples | #interest #definition #bank

What is interest? Definition, how it works and examples

What is interest? Definition, how it works and examples

Interest is the price you pay to borrow money or the return earned on an investment. For borrowers, interest is most often reflected as an annual percentage of the amount of a loan. This percentage is known as the interest rate on the loan. For investors or savers, interest comes in the fo