![]() ![]() Normally interest rate is refer as Annual percentage rate (APR). You can calculate interest rate over different intervals like daily, monthly or quarterly. Annual interest rate refers to rate for the period of one year. ![]() Total interest depends on principal amount, time period, interest rate. It is the amount due for a time period for borrowed or lent money. It can consist of cash, building, vehicle etc. Amount charged to the borrower for usage of assets is termed as Interest rate. In case of investment, interest rate is payable by financial institution or banks to individuals to maintain cash in their account. Interest rate means amount which have been borrowed and interest is charge by lender. Who can Use Interest Rate / APR Calculator?. ![]() What is Zero Interest Rate Policy (ZIRP)?. ![]()
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