1770. An interest rate which is paid by money borrower and charged by lender is considered as

annual rate
periodic rate
perpetuity rate of return
annuity rate of return
✅ The correct answer is B.
An interest rate which is paid by money borrower and charged by lender is considered as periodic rate. A periodic interest rate can be charged on a loan or realized on an investment over a specific period of time.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top