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.
Answer:
The contribution is codex or codices in plural. These were folding books that served to record stories or history. They are similar to papyrus since they are both sheets and were used to record things in them. The folding books were a product of skilled scribes that were working under the patronage of gods. There are only 3 Maya codices left today because the Roman Catholic church destroyed most of them during an inquisition after they heard that the Maya were still worshiping idols.
Language helped the Islamic empire to unite under the Abbasid Dynasty, which was the Arabic Language. It was easier to communicate and understand each other by speaking one language and having one religion (belief.) The correct answer is (c.) Arabic Language.
