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2 votes
What is the word for a fee based on a percentage of money borrowed?

A. collateral
B. credit
C. debt
D. interest

User Maxcot
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2 Answers

5 votes

Answer:

The answer is (D) Interest

Step-by-step explanation:

An Interest is a fee which is based on the precentage of the money borrowed.

Hope this helped.

~rere

User Lourens
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12 votes

Interest Rate

Step-by-step explanation:

The cost of borrowing money expressed as a percentage of the amount borrowed

User Savino Sguera
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