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scZoUnD [109]
2 years ago
13

Would it be better to have a higher interest rate on a loan or on an investment? Explain.

Mathematics
1 answer:
miv72 [106K]2 years ago
7 0

Answer:

When a company borrows money it is better to have a low interest rate. The lower the interest rate, the less amount of money the company has to pay back as interest on the loan.

Step-by-step explanation:

Is it better to have a higher interest rate when a company borrows money or to have a lower interest rate?

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