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the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. plz give me brainliest

An interest rate is how much interest is paid by borrowers for the money that they borrow. It is usually a percentage of the sum borrowed.

The formula to find an interest rate of a loan is:

Interest Rate = (Total Repayment Amount - Amount Borrowed) / (Amount Borrowed)

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