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3 years ago

10

You borrowed $1000 from your bank to buy a motorcycle, but you are required to pay the bank back $1200. What is this extra $200

called? A) credit B) deposit C) interest D) loan

2 answers:

Schach [20]3 years ago

8 0

The extra $200 is interest the bank charges you for borrowing their money.

Flura [38]3 years ago

5 0

Answer:

The answer is interest. Good luck to ya.

Step-by-step explanation:

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