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geniusboy [140]
3 years ago
15

this formula, i represents the _____ of the loan. a. annual interest rate b. interest rate per period c. initial amount d. incid

ent amount
Mathematics
1 answer:
Phantasy [73]3 years ago
3 0

Answer:

b. interest rate per period

Step-by-step explanation:

We know that

Annual interest rate is APR or (r)

Po is initial amount

n is number of periods

t is time in years

A is the amount after t years

so,

i is the interest rate per period

Hence ,

answer is

i is the interest rate per period


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