define the term intetest?
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interest is a fee paid for borrowing money or other assets. • the amount borrowed is called the principal. • the interest is expressed as a percentage rate of the principal. for a given time interval.
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Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). ... Interest can also refer to the amount of ownership a stockholder has in a company, usually expressed as a percentage.
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