For a fixed-rate loan, the interest rate remains the same throughout the life of the loan. For a variable-rate loan, the interest rate changes based on the time of year.
Answer: Option A
<u>Explanation:</u>
Loan rates are classified into two types: Fixed and Variable. In Fixed loan rates the interest rate prevails the same throughout the loan's life. Variable loan rates are also called floating loan rates. This interest rate will oscillate based on the outstanding balance as well as market rates.
These rates will be changed periodically like monthly, quarterly, half-yearly or annual basis. Comparing to the fixed rate, it is harder to estimate the interest rate for the borrowers. It can be increased or even decreased based on the loan's life.
In most parliamentary democracies, the party in power calls (or holds) an election every five years. However, if the parliament does not care for or have trust in the Prime Minister, he or she can be removed from office and another election for the position can be held.
Answer:
c because talked mire about
Answer:
Surface Area = 62 centimeters2
Explanation:
Surface Area = 2×(3×5 + 3×2 + 5×2)
