English, asked by Mamtarastogi5505, 10 months ago

What is the interest rate

Answers

Answered by ayushisharma201920

Explanation:

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. The total interest on an amount lent or borrowed depends on the principal sum, the

rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.

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