Economy, asked by shikhar3998, 1 year ago

define rate of interest​

Answers

Answered by kedar72
1

The proportion of a loan that is charged as interest to the borrower ,typically expressed as a annual percentage of the loan outstanding.

shikhar3998: thank you bro!!
Answered by kalpana82
2

Hey brainly user here is your answer...

The rate of interest is the proportion of loan that is changed as interest to the browser , typically expressed as an annual percentage of loan outstanding...

  • "Reduced interest rates encourage people to spend money on home.. "
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