7. It is the amount a lender charges for the use of assets expressed as a percentage of the principal. A. Educational level C. Interest rates B. Exchange rates D. Social status and income
Share
7. It is the amount a lender charges for the use of assets expressed as a percentage of the principal. A. Educational level C. Interest rates B. Exchange rates D. Social status and income
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Letter C po
Explanation:
pa brainliest po
Verified answer
It is the amount a lender charges for the use of assets expressed as a percentage of the principal.
A. Educational level
C. Interest rates
B. Exchange rates
D. Social status and income
Why?
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).
Fun Facts
Do you know that Principal is the money that you originally agreed to pay back. Interest is the cost of borrowing the principal. Generally, any payment made on an auto loan will be applied first to any fees that are due (for example, late fees). ... Then the rest of your payment will be applied to the principal balance of your loan.