What does interest rate mean?

Definition

The percentage used to calculate interest charged on borrowed money or paid on savings over a stated period.

Example sentences

• I'll write down the interest rate so you can compare our offer with the other bank's.🔊

  I'll write down the interest rate so you can compare our offer with the other bank's.

• Would the interest rate change if I borrowed less?🔊

  Would the interest rate change if I borrowed less?

interest rate in other languages

• In Portuguese
• In French
• In Japanese