Register
When you have a debt, which is the percentage used to calculate the extra money you need to pay? A. Original amount borrowed B. Interest C. Interest rate
203k views
14 votes
When you have a debt, which is the

percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate

User Daniel Rusev
by
3.0k points

1 Answer

6 votes

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

User Kenny John Jacob
by
3.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.3m questions

4.2m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
At first Rohan thought it was a good idea to offer a car repair pick-up service at his auto repair shop, but then he realized that most customers called Tow-It-Now Inc. and it would be difficult to match
Robusta Coffee Importers sold 7000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8000. Using the contribution income statement format,
Link Copied!