Which term is a word for a fee that is paid for the use of another person’s money? time principal interest interest rate

asked Jun 13, 2021 4.2k views

5 votes

Which term is a word for a fee that is paid for the use of another person’s money?

time
principal
interest
interest rate

7.8k points

Please log in or register to add a comment.

5 votes

Answer:

The Correct Term Is Interest

Explanation:

Interest is based on some percentage on which the lender lends you money.

7.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers