Interest is:

2 answers:

4 0

Hey there,

The word (interest) is when you borrow money but there is a little more money you have to add because of the fact that you took there money. So it is basically a charge on your self because you borrowed, they also need to make profit.

Your correct answer would be <span>a charge for the convenience of accessing money stored in your bank account.</span>

anastassius [24]3 years ago

4 0

Answer:

The correct answer is: B

Explanation:

Interest is charged by a creditor or the party lending money to a debtor or the party receiving money for the use of assets, which can be cash, a car, a house and so on. The interest rate is the interest amount expressed as a percentage of the initial value of the asset that was borrowed. In practice, a creditor would charge a lower interest to a debtor who is considered to have a lower default risk and a higher interest to a debtor who is considered to have a higher default risk. Default risk: is the probability that a debtor would be unable to meet the payment obligations of their debt.

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