ekbeast2897 ekbeast2897
  • 15-10-2021
  • Mathematics
contestada

which kind of interest would be used to pay back a loan?​

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Sangsali611
Sangsali611 Sangsali611
  • 15-10-2021

Answer:

interest rates on consumer loans are typically quoted as the annual percentage rate ( APR )

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jeremyslashbloov5mzt jeremyslashbloov5mzt
  • 15-10-2021

Answer:

Fixed Interest

Step-by-step explanation:

This type of interest is typically used for fees and loans.

Example:

If a bank loaned out 1000 dollars with an interest rate of 7% the fixed interest price would be 1,070.

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