Q329
An interest rate which is paid by money borrower and charged by lender is considered as
A.
annual rate
B.
periodic rate
AnswerC.
perpetuity rate of return
D.
annuity rate of return
Answer: Option B
Solution
Answer: Option B
Solution:
An interest rate which is paid by money borrower and charged by lender is considered as periodic rate. A periodic interest rate can be charged on a loan or realized on an investment over a specific period of time.