On which rate method, the interest is charged on the full amount of th – McqOptions

MCQOPTIONS

1.	On which rate method, the interest is charged on the full amount of theloan throughout the entire period of loan
A.	Fixed rate of interest
B.	Floating rate of interest
C.	Flat rate of interest
D.	Compound rate of interest
Answer» D. Compound rate of interest

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