Question

2. The borrowed money is called__________​

Answer 1

Answer:

Loan .

Interest refers to the extra amount of money that you must pay the bank when you borrow money. The amount of the interest depends upon the amount of the loan and the interest rate. ... Principal refers to the money borrowed.

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Answer 2

Interest refers to the extra amount of money that you must pay the bank when you borrow money. The amount of the interest depends upon the amount of the loan and the interest rate. ... Principal refers to the money borrowed