Question

the interest of loan is converted at rate in the date​

Answer 1

Answer:

6.90%[ I think so]

Explanation:

please make me a brain list

Answer 2

Answer:

The interest on the loan is converted at the rate on the date of accrual of Interest.

Explanation:

interest rate:

• The proportion of the principal amount that the lender charges the borrower as interest is known as the interest rate.
• The total principal amount and the frequency of compounding both affect the interest rate.
• Additionally, it is based on how long the money is borrowed and lent.
• The amount of interest payable each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).

the accrual of interest:

• Accrued interest is the total amount of interest that has been owed on a loan or other financial obligation as of a certain date but has not yet been paid. For the lender or the borrower, accumulated interest may take the form of accrued interest revenue or accrued interest expenditure.
• Accrued interest is the total amount of interest that has been generated but has not yet been paid on an obligation, such as a bond. Interest starts to accrue when a loan is made or a bond's coupon is paid.
• Finding the daily interest rate and multiplying it by the time for which it is accrued is how you calculate accrued interest.

So, the correct answer is the accrual of interest.