Answer:
b. interest rate per period
Step-by-step explanation:
We know that
Annual interest rate is APR or (r)
Po is initial amount
n is number of periods
t is time in years
A is the amount after t years
so,
i is the interest rate per period
Hence ,
answer is
i is the interest rate per period
Answer:
The answer is C.)
Step-by-step explanation:
Answer: Rr.3,000
Step-by-step explanation:
The interest is the amount that accrues on a principal that was invested or a cost that was incurred.
It is based on a certain interest rate which in this case is 15%.
The principal is Rr. 20,000.
Interest = Principal * Interest rate
= 20,000 * 15%
= Rr.3,000
Answer:
12.57
Step-by-step explanation:
