An Interest in Interest - a Brief View of Interest and Interest Rates

An Interest in Interest - a Brief View of Interest and Interest Rates
Times can sometimes be rocky for us. There may be times that tragedy strikes or unfortunate happenings cause us to be short on finances. And there are many things we do to alleviate the distress we feel at these times. Some of us even borrow money which we will pay back at a later date. However it is rare that we pay the lenders the same amount that we borrowed. Everyone who has ever been in the business of money lending or who has lent significant sums of money would know about the concept of interest.