_____ is the extra amount paid on principle amount
Answers
Answered by
13
Answer:
interest is the extra amount paid on the principal amount.
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.
Step-by-step explanation:
mark me as the brainliest please
Similar questions