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  1. Dictionary
    In·ter·est
    /ˈint(ə)rəst/

    noun

    verb

    • 1. excite the curiosity or attention of (someone): "I thought the book might interest Eric" Similar be of interest toappeal toattractbe attractive toOpposite bore
  2. What is interest? Interest is like a reward the bank gives you for trusting them to look after your money. The more money you have in your account, and the longer you keep it there, the more interest you can earn. How does interest work? The bank calculates interest as a percentage of the total amount in a bank account.

  3. Mar 14, 2024 · Interest definition. Interest is the money you receive for loaning out funds. Interest is also the money you pay when you borrow funds. In a nutshell, it’s the amount charged for the...

  4. Sep 19, 2022 · Definition. Interest is the amount charged or earned on a sum of money. The borrower pays interest and the lender receives it. Learn how interest applies to your finances.

  5. en.wikipedia.org › wiki › InterestInterest - Wikipedia

    In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. [1] . It is distinct from a fee which the borrower may pay to the lender or some third party.

  6. Mar 21, 2024 · Definition of interest. In simple words, interest is a fee paid or owed on a specific amount. On loans, mortgages, and credit cards, it is an amount you owe on top of what you...

  7. Feb 23, 2024 · Interest is essentially a charge to the borrower for the use of an asset. Assets borrowed can include cash, consumer goods, vehicles, and property. Because of this, an interest rate can be...

  8. Introduction to interest (video) | Khan Academy. Google Classroom. About. Transcript. Simple interest is calculated as a percentage of the original amount borrowed (the principal) and remains the same over time.

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