The interest rate is a that states how much money is earned for every $1 spent. It can be used to find the amount of time it will take to earn back your initial investment, or the total amount of money you will make on an investment over a certain period of time. The interest rate is often used as a metric when determining whether or not to purchase something like a home, car, or even just stock shares. What is the interest rate? The of an investment, or how much money is earned for every $.01 spent. It can be used to find the amount of time it will take to earn back your initial investment, or the total amount of money you will make on an investment over a certain period of time. This metric often comes into play when deciding whether or not to purchase something like a home, car, etc., and this article gives some examples as well as explaining how these rates work in general terms. The simple definition for what is considered “good” interest rates varies from person-to-person based on their lifestyle goals and they change constantly! But generally speaking: anything above 0% means that
