CBSE BOARD XII, asked by mada2, 1 year ago

what is rate of interest ?

Answers

Answered by hasteerharsh
4
The price money that requires per percent

mada2: short but understandable, tnks
hasteerharsh: welcm
Answered by VijayaLaxmiMehra1
6
Hey!!

An interest rate is the cost of borrowing money or, conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period.

Hope it will helps you:-)

mada2: helpful
VijayaLaxmiMehra1: Thank you:-)
VijayaLaxmiMehra1: mark as brainliest
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