Explanation:
What is the cost of credit?
Credit costs an additional amount of money. The borrower must repay the amount of the loan–the principal–plus interest to the lender. Generally, repayments are made on an installment basis over the life of the loan. In some instances, one payment of principal and interest is made at the maturity of the loan.
HOPE THIS HELPS YOU THANK YOU.
India is the biggest Hindu country in terms the number of people with this religion, and also the majority of Indians are Hindus. However, it is not the country that has the highest percentage of Hindus; this place is taken by Nepal.
