trujih9nanAGalatodd trujih9nanAGalatodd

07-01-2017
Social Studies

Answered

The time of a loan could be expressed in months, years or days:

Atrue
Bfalse user: the amount the bank charges for use of money is called interest:
Atrue
Bfalse user: interest=principal x rate:
Atrue
Bfalse

Verified Answer :

bireland203 bireland203

07-01-2017

1st = True
2nd = True
3rd True

Answer Link

amaota186872 amaota186872

22-02-2020

Answer: a. True

Explanation: The duration of a loan could be days, months or years.

Answer: True

Explanation: Borrowers usually pay a certain percentage of the amount borrowed in addition to the actual amount borrowed. The extra money is called interest.

Answer: False

Explanation: The correct formula for calculating interest is:

Interest: Principal x Time x Rate

Answer Link

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