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  • 16-05-2022
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Interest rates are expressed as a percentage of ?

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bluerbies
bluerbies bluerbies
  • 16-05-2022

Answer:

The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).

Explanation:

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