interest rate

Definition of "interest rate"
  1. A percentage showing the cost to borrow money, which can vary depending on the market conditions
How to use "interest rate" in a sentence
  1. Mortgages have varying interest rates depending on the lending institution.
  2. Due to fluctuating market conditions, the interest rate on her loan heightened.
  3. Securing a low interest rate can make a significant difference in the total repayment of a loan.

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