an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.
The percentage of a sum of money charged for its use.
interest rate
I used to be earning a much higher interest rate in my savings account
The saver lost interest in the investment once the interest rate fell to 0.5 percent.
The interest on a bearer bond accrues at the initial rate of interest.
Money lenders found guilty of usury have wrongfully engaged in the practice of charging a high or unlawful rate of interest on a loan.
an individual borrowed 5,000 forf 80 days and paid 100 in interest what was the rate of the loan use ordinary interest
There is an interest rate calculator available for use at the web site for Ally Bank. Another web site that has an interest calculator is bankrate.com.
You didn't say which definition of the word you wanted to use, so this may not be correct.Her interest in music was obvious.The interest on the loan was too high.
This means charging an excessive rate of interest on a loan. Here are some sentences.I think I might be a victim of usury.He was charged with usury.Usury is a crime.
This new type of bank account has compound interest.
The rate of advance is directly related to the speed.
repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.