Question

The rent one pays for the use of money is called the ____. 
a. principal
b. maturity value
c. discount
d. interest​

Answer 1

Answer:

The rent one pays for the use of money is called the interest

so option d is correct

Answer 2

Given  : The rent one pays for the use of money is called the ____.

To Find : Fill in the blank with correct option

a. principal

b. maturity value

c. discount

d. interest​

Solution:

The rent one pays for the use of money is called the  INTEREST

Hence correct answer is option d)  Interest

Principal  is the amount of money Deposited  in bank  for earning interest

or taking loan  for use of money

Maturity Value is the Amount to get against amount deposited  or  Amount to be returned against the loan taken.

Maturity Value = Principal  +  Interest

The rent one pays for the use of money is called the  INTEREST

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