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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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38 votes
38 votes
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 Hoh
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1 Answer

17 votes
17 votes

Answer:

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

User Bthota
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