Flexi answers - What is the 7 percent interest rate? (2024)

Flexi Says:

An interest rate of 7 percent means that for every 100 units of currency (e.g., dollars, euros, etc.) you have invested or borrowed, you will earn or owe 7 units of currency as interest.

It is typically expressed as an annual percentage rate (APR), which means the interest is calculated over a one-year period.

To learn more about interest rates,click here!

Flexi answers - What is the 7 percent interest rate? (2024)


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