Math, asked by angarikajadhavkkwp, 2 months ago

why do we calculate rate of interest in percentage ​

Answers

Answered by sangram3636
0

Answer:

According to the National Association of Federal Credit Unions, bank interest rates for a three-year unsecured loan range from 2.9% to 18.86%, with an average of 9.74%, which means anything over 10% is likely to be considered high.

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