study the following diagram: principal × interest rate × time of the loan =? which of the following best…
study the following diagram: principal × interest rate × time of the loan =? which of the following best completes the diagram? collateral annual percentage rate (apr) interest debt
Answer
Brief Explanations:
The simple - interest formula is $I = P\times r\times t$, where $P$ is the principal amount, $r$ is the interest rate, and $t$ is the time of the loan. So the product of principal, interest rate, and time of the loan gives the interest.
Answer:
Interest