How to spell interest rate

hear it/'ɪntərɪst_reɪt/nounSchwa and roots

What it means: The percentage earned on savings or charged on loans.

In a sentence: The interest rate on my savings is like getting extra candy for each piece I save!

Same family: rate, interest, interest rates, interest payment, interest-free. If you can spell one, the shared part carries to the others.

Where it comes from: Interest comes from the Latin word “interesse,” meaning “to be of importance,” and rate comes from the Latin “ratus,” meaning “fixed or calculated.” Together, “interest rate” literally refers to the calculated amount added to the money you borrow or save.

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