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You ran short of cash and borrowed $50 from your rich cousin. When you paid her back, she insisted that you owed $60. What is the extra $10 called?.
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You ran short of cash and borrowed $50 from your rich cousin. When you paid her back, she insisted that you owed $60. What is the extra $10 called?.

User Balboa
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1 Answer

13 votes

Answer:

Interest - Interest is the amount of money that collects along with the amount of money you already got loaned

User Atonyc
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