The interest rate is called____
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Step-by-step explanation:
The interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal. The interest rate is typically noted on an annual basis known as the annual percentage rate (APR).
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ᵗʰᵉ ⁱⁿᵗᵉʳᵉˢᵗ ʳᵃᵗᵉ ⁱˢ ᶜᵃˡˡᵉᵈ ᵃᵐᵒᵘⁿᵗ ᵒᶠ ˡᵉⁿᵈᵉʳ ᶜʰᵃʳᵍᵉˢ ᶠᵒʳ ᵗʰᵉ ᵘˢᵉ ᵒᶠ ᵉˢˢᵉᵗˢ ᵉᶜᵖʳᵉˢˢᵉᵈ ᵃˢ ᵖᵉʳᶜᵉⁿᵗᵃᵍᵉ.
ᵐᵃʳᵏ ⁱᵗ ....
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