Question

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

Answer 1

b

Explanation:

edge 21

Answer 2

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