Ask Question
BusinessBusiness
6 February, 05:22

Interest rates are expressed as a percentage of

+3
Answers (2)
  1. 6 February, 05:45
    0
    The principal

    Explanation:

    If you get a loan for $1000 interest rates will always be charged on that $1000, which is the principal.
  2. 6 February, 05:45
    0
    The Correct Answer is "The Principle"

    Explanation:

    Generally, an interest rate is an amount that is added on top of the principal amount most especially in loans. This is expressed in the form of a percentage, depending on the amount and interest rate being agreed upon. Interest is, therefore, the amount of money charged by a financial institution such as banks on money borrowed from them by customers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Interest rates are expressed as a percentage of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You go to the bank to trade a dirty dollar for a new, clean one. The cashier tells you the trade is not necessary because currency is
Answers (1)
The total annual expenditures on advertising in the United States Multiple Choice peaked last year at approximately $700 billion. has declined significantly as firms utilize different online promotional opportunities. is about $420 billion.
Answers (1)
Consider the following events for Betterment Incorporated: January 1 Betterment purchases gasoline for $200 on account. January 7 Betterment advertises lawn mowing services for $100 per lawn.
Answers (1)
the marketing department at ABC Widget Company has been assigned the task of developing a strategic plan. The marketing team has completed the first three steps of strategic planning.
Answers (1)
Dell is a product of the Digby company. Digby's sales forecast for Dell is 2079 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected.
Answers (1)
New Questions in Business
On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30.
Answers (2)
You invest $50,000 now and receive $10,000 per year for 15 years starting at the end of the first year.
Answers (1)
A high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free.
Answers (2)
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Home » Business » Interest rates are expressed as a percentage of
Sign Up Forgot Password?