A bank charges a 14% interest per annum on a loan. What is the interest rate if charged yearly?

asked Aug 12, 2021 181k views

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Answer: Per annum means yearly so the interest rate will be 14% as well.

Explanation:

Jeff Hammond answered Aug 17, 2021

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asked Feb 6, 2024 211k views

Tonyrobbins asked Feb 6, 2024

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