Ask Question
14 October, 12:12

When a lender charges interest, it is known as:

A. Annual Percentage Rate (APR)

B. Surplus

C. Deficit

D. Drawbacks

+1
Answers (1)
  1. 14 October, 12:22
    0
    When a lender charges interest, it is known as: A. Annual Percentage Rate (APR) The annual percentage rate is the rate of interest lenders such as credit card companies use when charging interest on borrowed funds from their users. The annual percentage rate is divided by the 12 months in the year and then charged each month on the finances that are not paid off.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a lender charges interest, it is known as: A. Annual Percentage Rate (APR) B. Surplus C. Deficit D. Drawbacks ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers