👉 The price paid for obtaining, or price received for providing, money or goods in a credit transaction, calculated as a fraction of the amount or value of what was borrowed.
Alright class, settle down now, let’s take a look! That dictionary definition you read… well, it's about something very different than “interests.” It deals with loans and money, a tricky subject indeed. Let’s break down what "interests" really means – and I’ll try to do it in rhyme for easier recall: “Interests” simply means what you enjoy, what sparks your thrill! It's the things that make you happy, standing perfectly still, Or wanting to learn more, a curious quest, Things you love to do, putting skills to the test. Think about hobbies – painting or song, Reading adventures, where you belong. Maybe sports or science, puzzles and art, These are all your interests, playing a vital part! It’s what captures your attention, makes you want to dive in, A passion you nurture, letting joy begin. Now, that dictionary definition – it's about finance , not feelings at all. It's the extra money lenders charge for borrowing, like a fee if you aren't paying back on time. So, remember: "Interests" are your passions, bright and true, while “interest” (as in finance) is something you pay to borrow from you. Do you have any questions about this difference? Let’s discuss!
