QueenBulls420 QueenBulls420
  • 09-01-2019
  • Mathematics
contestada

this formula, i represents the _____ of the loan. a. annual interest rate b. interest rate per period c. initial amount d. incident amount

Respuesta :

rejkjavik rejkjavik
  • 20-01-2019

Answer:

b. interest rate per period

Step-by-step explanation:

We know that

Annual interest rate is APR or (r)

Po is initial amount

n is number of periods

t is time in years

A is the amount after t years

so,

i is the interest rate per period

Hence ,

answer is

i is the interest rate per period


Answer Link
joliedurieux joliedurieux
  • 06-03-2022

Answer:

b

Step-by-step explanation:

edge 21

Answer Link

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