On which rate method, the interest is charged on the full amount of the loan throughout the entire period of loan | Faculties

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Mr. Dubey

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Q. On which rate method, the interest is charged on the full amount of the loan 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

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✅ Correct Answer: (C) Flat rate of interest

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