Question

what do you mean by interest

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Answer 1

Answer:

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:

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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Answer 2

Answer:

The additional money paid by the borrower to the lender for having used his money is called the interest