Question

3) The extra amount that is paid along with the the loan is known as ___

Interest
Total amount
Cost price

Answer 1

Answer:

intrest

hope it's helpful

have a nice day good morning

Answer 2

Answer:

The extra amount that is paid along with the the loan is known as Interest

Interest is the answer

❖ Extra information :

⟡ Interest :

=> To calculate interest we use the following formula:

$I = \frac{P \times R \times N}{100}$

where, I = interest

           P = Principal

           R = rate of interest

           N = number of years

Later, we add this interest to principal to give the final amount

Amount = Interest + Principal

Hope it helps!