Register
A bank charges a 14% interest per annum on a loan. What is the interest rate if charged yearly?
181k views
2 votes
A bank charges a 14% interest per annum on a loan. What is the interest rate if charged yearly?

User Chhameed
by
5.3k points

1 Answer

4 votes

Answer: Per annum means yearly so the interest rate will be 14% as well.

Explanation:

User Jeff Hammond
by
4.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.2m questions

6.8m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!