For more information, see: Difference Between Interest Rate and APR.
Use interest rate in a sentence
“ You should always shop around and try to find the best possible interest rate that you can find any where. ”
“ With interest rates plummeting into the single digits, Roger felt now was the time to take out a loan and buy that gold VW he'd had his eyes on for 30 years. ”
“ If the interest rate on a mortgage is fixed over the lifetime of the loan, economic conditions won't affect the nominal monthly payments, but the real monthly payments still depend on inflation. ”