{"id":39,"date":"2024-05-16T19:56:42","date_gmt":"2024-05-16T19:56:42","guid":{"rendered":"https:\/\/www.mtsu.edu\/financialliteracy\/?page_id=39"},"modified":"2026-04-18T12:36:24","modified_gmt":"2026-04-18T12:36:24","slug":"interest","status":"publish","type":"page","link":"https:\/\/www.mtsu.edu\/financialliteracy\/interest\/","title":{"rendered":"Interest"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Definition<\/h2>\n\n\n\n<p>Accoring to the financial dictionary, interest is the price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption.&nbsp;<\/p>\n\n\n\n<p><em>Adapted from:&nbsp;<a href=\"https:\/\/financial-dictionary.thefreedictionary.com\/interest\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/financial-dictionary.thefreedictionary.com\/interest<\/a><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Video<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ratio ratio-16x9\"><iframe loading=\"lazy\" title=\"How Does Savings Account Interest Work?\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/8edPzh71RIQ?feature=oembed&#038;enablejsapi=1&#038;origin=https:\/\/www.mtsu.edu\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\"><em>Adapted from:\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=8edPzh71RIQ&amp;feature=youtu.be\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.youtube.com\/watch?v=8edPzh71RIQ&amp;feature=youtu.be<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Interest Infographic<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"471\" height=\"2560\" src=\"https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-1-scaled.jpeg\" alt=\"Interest Infographic\" class=\"wp-image-41\" srcset=\"https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-1-scaled.jpeg 471w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-1-55x300.jpeg 55w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-1-377x2048.jpeg 377w\" sizes=\"auto, (max-width: 471px) 100vw, 471px\" \/><figcaption class=\"wp-element-caption\"><em>Adapted from:\u00a0<a href=\"https:\/\/visual.ly\/community\/infographic\/education\/how-interest-works\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/visual.ly\/community\/infographic\/education\/how-interest-works<\/a><\/em><\/figcaption><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Definition Accoring to the financial dictionary, interest is the price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption.&nbsp; Adapted from:&nbsp;https:\/\/financial-dictionary.thefreedictionary.com\/interest Video Interest Infographic<\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-39","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":1,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/39\/revisions"}],"predecessor-version":[{"id":196,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/39\/revisions\/196"}],"wp:attachment":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/media?parent=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}