1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solong [7]
2 years ago
13

What is the meaning of Interest rate ​

Mathematics
2 answers:
blagie [28]2 years ago
5 0

Answer:

See below

Step-by-step explanation:

An interest rate is basically a percentage of principal charged by the lender for the use of its money, and it is paid via simple interest (usually in an annual period). That principal is the amount of money loaned.

For example, you may have seen a 1.5% annual interest rate, or something like that. This means that if your principal was $5000, let's say, you would have to pay $5000 * 0.015 = $75 in interest per year.

Dafna11 [192]2 years ago
3 0

Answer:

Interest rate is a proportion of a loan rewarded as interest to the borrower, usually expressed as an annual percent of the current loan.

You might be interested in
Please help solve
KengaRu [80]
Answer:
27+2n
.///////-
6 0
3 years ago
Read 2 more answers
What are different ways to add two rational numbers and get a negative
makkiz [27]
If the sum is negative or if the signs are different and the negative has a biger absoulute value.
5 0
3 years ago
A principal of $835 is invested in an account at 4% per quarter simple interest which of the following sequences describes the d
netineya [11]
To solve the question we use the compound interest formula which is given by:
A=p(1+r)^(nt)
where:
A=future value
p=principle
r=rate
n=number of terms
t=time
thus plugging in the values in the formula we shall have:
A=835(1+0.04)^(4t)
simplifying this we get the sequence:
A=835(1.040)^(4t)
Thus the answer to the sequence will be:
A=835(1.040)^(4t)

7 0
3 years ago
Can someone help “is 9 a factor of 23p - 47
quester [9]

Answer:

No.

Step-by-step explanation:

9 Does not go into 47 or 23

6 0
3 years ago
Read 2 more answers
The price of a dozen eggs was $1.63. The price rose m dollars. Then the price dropped $0.12 per dozen. Express the current price
stellarik [79]
1.63+m-.12




Hhhhhhhhhhhhh
8 0
3 years ago
Read 2 more answers
Other questions:
  • ALOT OF POINTS PLS ANSWER!<br> :)
    12·2 answers
  • Can someone please help with my maths homework? I need to estimate the value of 102.3 / 4.7
    9·2 answers
  • the length of a rectangle is 13 centimeters less than its width. What are the dimensions of the rectangle if it’s area is 114 sq
    8·2 answers
  • which word begins the subordinate clause in this sentence;Dolly must clean her room before she goes out
    14·2 answers
  • You take a sample of 22 from a population of test scores, and the mean of your sample is 60. you know the standard deviation of
    14·1 answer
  • Triangle CAT is similar to Triangle DOG. The length of Segment CT is 6 ft. The length of Segment
    14·1 answer
  • 165 centimeters into inches
    7·1 answer
  • What’s the slope of (8,10) (-7,14)
    12·1 answer
  • Solve for x<br>look at the picture​
    6·2 answers
  • Examine the geometric relationships in the diagram below which option shows the correct value of x and y?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!