All stars emit energy and some of it is in the form of light. All stars can be seen without a telescope on a clear night. 7). Marcus has learned that the Sun is a star, but not the largest star in our galaxy.
Interest rate. Interest rate is the percentage of the face value of a bond or the balance in a deposit account that you receive as income on your investment. If you multiply the interest rate by the face value or balance, you find the annual amount you receive. For example, if you buy a bond with a face value of $1,000 with a 6% interest rate, you'll receive $60 a year. Similarly, the percentage of principal you pay for the use of borrowed money is the loan's interest rate.
Some people assume that an interest rate is the same as an annual percentage rate (APR) due to the literal definition, but in some cases, the interest rate figure is different from the resulting APR on a loan. The true APR is the interest rate plus certain finance charges assessed by the lender during that period. For instance, some mortgage companies charge additional fees to initiate a loan, such as processing fees and origination points.