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An interest rate is the price a borrower pays for the use of money they do not own, for instance a small company might borrow from a bank to kick start their business, and the return a lender receives for deferring the use of funds, by lending it to the borrower. Interest rates are normally expressed as a percentage rate over the period of one year.
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Top Interest Rate Word Problems
If a 23% interest rate (#3400)
If a 23% interest rate is for a year, wh... ...a year, what is the daily periodic rate?
Donna invested her bonus (#3508)
Donna invested her $33,000 bonus and rec... ...en how much did she invest at each rate?
Interest Rate (#5550)
Mr. Smith deposited some money in a savi... ...ow much was deposited into each account?
Interest Rate (#7134)
If a discount of 20% off the retail pric... ...45.00, how much did he pay for the desk?
Interest Rate (#7408)
Joe Parker borowed $7645, part at 8% int... ...ch money did he borrow from his brother?
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