Question

what is rate intrest ​

Answer 1

Step-by-step explanation:

the rate at which interest is given

like 5%

so 5%of ur saving will be given u at fixed interval

Answer 2

Answer:

An interest rate is defined as the proportion of an amount loaned which a lender charges as interest to the borrower,normally expressed as an annual percentage. It is the rate a bank or other lender charges to borrow its money,or the rate a bank pays it's savers for keeping money in an account.