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Question 7 3 points) What is interest? (3 points) a A type of credit that does not require a deposit Ob A type of loan for purchasing a home oc The rate paid for the use of credit Oo The rate paid for
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Question 7 3 points)

What is interest? (3 points)
a
A type of credit that does not require a deposit
Ob
A type of loan for purchasing a home
oc
The rate paid for the use of credit
Oo
The rate paid for a good or service

User Douwe Maan
by
5.1k points

2 Answers

6 votes

Step-by-step explanation:

money paid regularly at particular rate for use of money lent or for deplaying the repayment of debt is called interest..

A type of loan for purchasing a home

User Lukeocom
by
5.2k points
5 votes

Answer:

The rate paid for the use of credit

Step-by-step explanation:

i got it right on the quiz

User HarsHarI
by
4.7k points
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