Question

what is interest ? discuss it's types and factors influencing interest? 200 words​

Answer 1

Answer:

HomeTechnologyComputers

Internet

computer network

WRITTEN BY

Robert Kahn See All Contributors

Chairman, CEO, and President of the Corporation for National Research Initiatives.

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ARTICLE CONTENTS

Internet, a system architecture that has revolutionized communications and methods of commerce by allowing various computer networks around the world to interconnect. Sometimes referred to as a “network of networks,” the Internet emerged in the United States in the 1970s but did not become visible to the general public until the early 1990s. By 2020, approximately 4.5 billion people, or more than half of the world’s population, were estimated to have access to the Internet.

Answer 2

Explanation:

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

In modern times, the interest charged depends not only on the types of loans, but also on various economic factors. The rate of interest is directly influenced by Bank rate and indirectly affected by Repo rate. Repo rate, in turn, is influenced by and influences various socio-economic conditions.