What is the typical relationship between time and interest rate?

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24-03-2017
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What is the typical relationship between time and interest rate?

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mrark mrark · Answer 1 · 2017-03-24T16:19:55+01:00

mrark mrark

24-03-2017

The interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. and the time determines how much is gained off an interest rate.

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