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azamat
2 years ago
14

The interest on a loan plus the charges and fees is known as the___

Business
1 answer:
Rainbow [258]2 years ago
4 0

The interest on a loan plus the charges and fees is known as the: B. annual percentage rate

<h3>What is annual percentage rate?</h3>

Annual percentage rate can be defined as the interest rate on a loan which includes the charges as well as the fees.

The annual percentage rate help to determine or  measure the amount a lender charges the borrower per annual or per year.

Therefore the correct option is B.

Learn more about Annual percentage rate  here:brainly.com/question/10062114

#SPJ1

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