Solved

The Formula: Principle X Rate X Time Represents

Question 12

Multiple Choice

The formula: principle x rate x time represents


A) The amount charged for loaning money.
B) The amount of revenue to the creditor for loaning money.
C) The amount of expense to the debtor for borrowing money.
D) All of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions