Answer:
<u>Line of credit </u>
Explanation:
A line of credit refers to a mechanism of availing short term credit from banks whereby a borrower is provided with a preset limit till which funds can be availed anytime.
As the borrower repays the money borrowed, the line of credit gets restored to the previous level provided it is an open line of credit.
Line of credit specifies the maximum limit till which money can be borrowed. The rate of interest and repayment time period are decided by the lender which is usually a bank.
Borrower is usually supposed to pay interest upon the money actually borrowed and not the full limit of the line of credit.
Answer:
NFPA
Explanation:
NFPA (National Fire Protection Association) was the organization that developed an identification system for hazardous chemicals. It is still used today. Earlier the NFPA labels were used on products for Hazard warning. Today using GHS labeling on the products is also mandatory.
For hazard warning, a diamond is used to give a visual representation of reactivity and inflammability. The NFPA diamond consists of four color-codes: Blue, Yellow and White and uses a numbering scale ranging from 0 to 4, 0 means there is no hazard and 4 indicates danger.
Answer:
9%
Explanation:
Calculation for how much do you save
Using this formula
Percentage saved=Personal rate -Dividend rate
Let plug in the formula
Percentage saved=24%-15%
Percentage saved=9%
Therefore how much do you save is 9%