which is better 14.83% or 12 1/5?

which is a better interest rate 14.83% or 12 1/5%?
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1 Answer

Neither is better without knowing what the "better" is for.

Example:

14.83% is a better interest rate if it's your investment and you want more money.

12.2% is a better interest rate if it's your credit card bill and you want a smaller bill.
by Level 13 User (103k points)

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