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this formula, i represents the _____ of the loan. a. annual interest rate b. interest rate per period c. initial amount d. incident amount

User Yitznewton
by
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2 Answers

2 votes

Answer:

b

Explanation:

edge 21

User Bhawna
by
8.3k points
4 votes

Answer:

b. interest rate per period

Explanation:

We know that

Annual interest rate is APR or (r)

Po is initial amount

n is number of periods

t is time in years

A is the amount after t years

so,

i is the interest rate per period

Hence ,

answer is

i is the interest rate per period


User Ngryman
by
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