An amount charged for borowing money is called

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01-04-2021
Business

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An amount charged for borowing money is called

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S26214643idn S26214643idn · Answer 1 · 2021-04-01T16:55:57-04:00

S26214643idn S26214643idn

01-04-2021

Answer:

Interest- The price that people pay to borrow money.

Explanation:

When people make loan payments, interest is a part of the payment. Interest Rate- The cost of borrowing money expressed as a percentage of the amount borrowed (principal). Typically, low-risk borrowers with good credit scores pay the lowest interest rates.

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Marquiseawilliams67idn Marquiseawilliams67idn · Answer 2 · 2021-04-01T16:55:57-04:00

Marquiseawilliams67idn Marquiseawilliams67idn

01-04-2021

Answer:

a loan ,payback ,owe you one as long as you give the exact same amount of money back for how much you boorowed

Explanation:

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