Term
Interest rate
What it costs to borrow money, or what you earn for lending it, expressed as a percentage per year.
In pesos: At 10% a year, $10,000 MXN earns $1,000 in twelve months; at 45%, a credit card charges $4,500 on the same amount.
Where to go deeper
2/4 5 min Read Simple vs. compound interest What compound interest actually is, why time matters more than the amount you start with, and how the same force works against you on a credit card.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.