Answer: Interest rate is the amount calculated as a specified percentage of the amount lent that is paid to the lender or the investor. This represents the rate of return for the person or entity lending the money and is a key figure that is considered in selecting a fixed deposit.
Interest rate is the amount calculated as a specified percentage of the amount lent that is paid to the lender or the investor. This represents the rate of return for the person or entity lending the money and is a key figure that is considered in selecting a fixed deposit. Source: CoolInterview.com
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