Parbhakar-Bhau Mahajan;2)Pragati-Tryambak Shankar Shejwalkar;3)Deenbandhu-Gopal Ganesh Agarkar;4)Digdarshan-Balashastri Jambhekar.
Answers
Answered by
1
Explanation:
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.
It is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage.[1] It is the rate a bank or other lender charges to borrow its money, or the rate a bank pays its savers for keeping money in an account.[2]
Similar questions