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28 February, 07:32

Interest rates are expressed as a percentage of

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Answers (2)
  1. 28 February, 09:12
    0
    The principal

    Explanation:

    If you get a loan for $1000 interest rates will always be charged on that $1000, which is the principal.
  2. 28 February, 09:15
    0
    The Correct Answer is "The Principle"

    Explanation:

    Generally, an interest rate is an amount that is added on top of the principal amount most especially in loans. This is expressed in the form of a percentage, depending on the amount and interest rate being agreed upon. Interest is, therefore, the amount of money charged by a financial institution such as banks on money borrowed from them by customers.
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