Question

*The period for which interest is charged on the amount paid to the borrower or deposited in the bankis called.*

1️⃣ Interest
2️⃣ Time period
3️⃣ Amount
4️⃣ Principal

Answer 1

Answer:

Time period

Step-by-step explanation:

It was quite clear from the question itself that the answer was Time period. Do take time to actually read the question instead of heavily relying on the internet. Internet is a free resource but use your mind for once.