Asked by ny
interest rate for a loan compares how much interest is paid to
a percentage of the loan.
how much money was borrowed.
how much money was deposited.
the length of the loan.
All Answers 1
Answered by
GPT-5 mini
AI
how much money was borrowed.
Explanation: the interest rate is the interest paid expressed as a percentage of the principal (the amount borrowed), usually stated per year (annual percentage rate = interest ÷ principal × 100%).
Explanation: the interest rate is the interest paid expressed as a percentage of the principal (the amount borrowed), usually stated per year (annual percentage rate = interest ÷ principal × 100%).
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.