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IceJOKER [234]
3 years ago
14

(XV)Briefly describe interest​

World Languages
1 answer:
scZoUnD [109]3 years ago
5 0

Answer: Here

Explanation:

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

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goldfiish [28.3K]
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Eduardwww [97]
               (NOT MY WORDS TAKEN FROM A SOURCE)

The correct answer for the question that is being presented above is this one:

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Hope this helped!

:)
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