In compound interest, what does 'rate' refer to?*The percentage of the principal amount charged as interestThe duration for which interest is calculatedThe principal amount itselfThe total amount after interest

This refers to the rate by which the principal will bear interest.a.Principalb.Interest Ratec.Face Value of the Noted.Maturity

Simple interest rate for a term deposit implies that A.interest are calculated with respect to the initial investment in the term depositB.interest for a given compounding period is calculated with respect to the original amount invested in the term deposit plus the last interest paid.C.interest is calculated with respect to an amount that incorporates all previous interestsD.the interest rate is variable.

Fill in the Blank QuestionFill in the blank question.The interest rate is the rate of interest expressed in purchasing power after being adjusted for inflation.

Which of the following is a definition of compound interest?Group of answer choicesA percentage of money deposited divided by the time it remains deposited.Money earned after the first balance has been figured.Interest earned both on money you deposit and on money you have earned in interest.Interest earned only on money you deposit.

he annual percentage rate (APR) of a loan is different from the interest rate because it:A.is calculated from the remaining interest owed.B.includes charges and fees.C.includes the rate but not the fees and charges.D.only covers the interest for a year.