The rate charged by bank 12.5% on credit loans and 3% semiannually on installment loans is considered as Options: A . &nbspperiodic rate B . &nbspperpetuity rate of return C . &nbspannual rate D . &nbspannuity rate of return

The rate charged by bank 12.5% on credit loans and 3% semiannually on installmen

Question

The rate charged by bank 12.5% on credit loans and 3% semiannually on installment loans is considered as

Options:

A . periodic rate

B . perpetuity rate of return

C . annual rate

D . annuity rate of return

Answer: Option A
Answer: (a).periodic rate

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