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

User Xaelis
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2 Answers

3 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 Nie Xing
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3.1k points
2 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 DinDin
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