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An amount charged for borowing money is called
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28 votes
28 votes
An amount charged for borowing money is called

User Ironhyde
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2 Answers

21 votes
21 votes

Answer:

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

Step-by-step explanation:

User Jornare
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2.1k points
14 votes
14 votes

Answer:

Interest- The price that people pay to borrow money.

Step-by-step 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.

User Mohamed Farouk
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