rates

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An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.
It is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage. It is the rate a bank or other lender charges to borrow its money, or the rate a bank pays its savers for keeping money in an account.The annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualised.

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  1. J

    VIC my son has worked in the same place for approx. 16 years. he is still classified as an casual worker no overtime rates no meal allowance in fact no

    penalties apply .he has to work overtime and now has come to a call in on a need basis and is told to go home when their is no work and after that than be called back to work not one penalty .no travel allowance .he is working for an essential service and I find these conditions hard to believe .
  2. S

    WA Do I have to pay local shire rates

    I haven’t paid my shite rates for several years as I got screwed over major by a previous employer and have been working on clearing other debts. I read an article that says we aren’t required to as the 3rd level of government isn’t actually legal. Is this true? Article can be found at Councils...