GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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amount charged by a lender to a borrower for the use of their money
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rate at which the level of prices for goods and services are rising and purchasing is falling
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exchange of one currency for another; conversion of one currency into another
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investor purchases large part of a company; has direct control of company
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investor purchases part of a company through stocks; no real control of company
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Detailed explanation-1: -Interest rate is the amount charged over and above the principal amount by the lender from the borrower. In terms of the receiver, a person who deposits money to any bank or financial institution also earns additional income considering the time value of money, termed as interest received by the depositor.
Detailed explanation-2: -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).
Detailed explanation-3: -Interest is the monetary charge for borrowing money-generally expressed as a percentage, such as an annual percentage rate (APR). Interest may be earned by lenders for the use of their funds or paid by borrowers for the use of those funds.
Detailed explanation-4: -According to a Bankrate study, the average personal loan interest rate is 10.71 percent as of Mar. 08, 2023. However, the rate you receive could be higher or lower, depending on your unique financial circumstances.