
Deepak Pinky Bansal
- @thebansalteam
- Montgomery, NJ
- 2 years ago
📌Happening NOW: Interest rates, simplified. 😁
✨An interest rate is the “price” a lender charges a borrower for a loan. Just like a pair of jeans at your favorite store, every loan has a price tag. That price tag is the interest rate. But instead of dollars and cents, the price of borrowing a sum of money is a percentage of the total amount borrowed. 😉
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