1.24. If an investor borrows $100 and pays back $100 after a year to settle his loan, it implies that the rate of interest is ________. A) 0 percent B) 1 percent C) 10 percent D) 100 percent

Question

Faithkd6799 Faithkd6799

25-03-2022
Business

contestada

1.24. If an investor borrows $100 and pays back $100 after a year to settle his loan, it implies that the rate of interest is ________. A) 0 percent B) 1 percent C) 10 percent D) 100 percent

Respuesta :

Otras preguntas

how much of the growth was due to immigration

Explain HOW and WHY the Mexica Empire developed and changed over time in SAQ format

Select the correct texts in the passage. Which phrase best states the author's opinion on assisting children's development? adapted excerpt from 'Some Rights of

What is the principal evidence cited in this article? How do you think the availability of different kinds of evidence affects what we know about these societie

Which statements are true about the graph of the function f(x) = x2 - 8x + 5? Select three options. The function in vertex form is f(x) = (x-4)²-11. The vertex

What is 123x=249 What is x?

1 of 5 The Law of Supply states that: Price changes shift the supply curve. As price increases, quantity increases. As price increases, quantity decreases. Pric

Vector B has x, y, and z components of 6.9, 5.4, and 1.5 units, respectively. Calculate the magnitude of B.

Most cars can travel around 20 miles per gallon of gas that is in their tank. write a rule that relates the total distance a car can travel d as a function of t

With respect to personal finance, what is the name of the most commonly used credit scoring system intended to help lenders predict how likely an individual is

jayilych4real jayilych4real · Answer 1 · 2022-04-01T12:52:19+02:00

,If an investor borrows $100 and pays back $100 after a year to settle his loan, it implies that the rate of interest is 0%

What is Interest Rate?

This refers to the added amount which is to be repaid with respect to a loan after a given time period.

With this in mind, we can see that because after a period of 1 year, the principal amount which is $100 is paid back without any additional charge, then the rate of interest on the loan is 0%.

Read more about interest rate here:
https://brainly.com/question/25793394