roseannerowe7 roseannerowe7

12-05-2022
History

contestada

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

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

Respuesta :

rereadamas rereadamas

12-05-2022

Answer:

The answer is (D) Interest

Explanation:

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

Hope this helped.

~rere

Answer Link

MrWisdom MrWisdom

12-05-2022

Interest Rate

Explanation:

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

Answer Link

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