Math, asked by shivramnahak6971, 10 hours ago

Why is the interest rate of long term loans lower than short term loans

Answers

Answered by ganeshprasadv5
0

Step-by-step explanation:

The main difference between long-term and short term loans is the amount lent. The lower amount of short term loans makes repayments easier and without getting in debt. Interest Rates. High-interest rates are charged on short term loans mainly to compensate for their short repayment period.

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