Question

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

Answer 1

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

Answer 2

The rate paid for the use of credit

Step-by-step explanation:

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