Economy, asked by ramdasbade697, 19 days ago

What is RATE OF INTEREST? please tell whether it is added to ₹100 or a percentage calculated from the principal.​

Answers

Answered by samarthtopale
0

Answer:

An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.

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