What is meant by interest , rate of interest etc.?
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interest:money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
rate of interest:the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
rate of interest:the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
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