Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Banking
Interest Rates
What is a intrest rate? (1 point)
1 answer
An interest rate is the percentage of the principal amount charged or paid for the use of money, typically expressed as an annual percentage rate. It is the cost of borrowing money or the return on investment.
You can
ask a new question
or
answer this question
.
Related Questions
Carol Miller went to Europe and forgot to pay her 740.00 mortgage payment on her New Hampshire ski house. For her 59 days
an investment club placed $33,000 into two simple interest accounts. On one account, the annual simple intrest rate is 9.5%. On
Which is true of variable-rate loans?(1 point)
Responses The rate can go up or down, depending upon the index it is tied too. The
last year Jodie invested $10000, part at 6% anual intrest and the rest at 8% annual intrest. if she received $760 in intrest at
compare a simple intrest of 11% and a simple intrest rate of 13% for a 400$ credit card loan that can be paid in full at the end
A certain sum is deposited in a bank which gives compound intrest at certain rate. The intrest on the amount is rs.440. In the
How much simple intrest would 1,000 earn in 275 days at an intrest rate of 4.21 percent?
How much intrest will u earn on a 50
0 deposi placed in a asavings accoun for 6 months if you are paid at a simple intrest rate
You invest 3400 into account earning simple intrest. The balance is 4624 after 8 years. What is rate of intrest?
sharry made a desposit of $860 to open a savings account that pays intrest at an annual rate of 8% compound quarterly. If she
