Answer:
False.
Step-by-step explanation:
Interest is indeed the difference between an ending amount of money and the beginning amount. It represents the cost of borrowing money or the return on investment. When you have an initial amount of money and it earns interest over a period of time, the ending amount will be higher than the beginning amount due to the interest earned.
For example, if you invest $1,000 in a savings account with an annual interest rate of 5%, at the end of the year, you would have earned $50 in interest. So, the ending amount would be $1,050. The interest earned in this case would be the difference between the ending amount ($1,050) and the beginning amount ($1,000), which is $50.