Question

what is interest.........​

Answer 1

Answer:

Explanation:

Interest is both the cost of borrowing funds and the profit that accrues to those who deposit funds in a savings account. Calculated as a percentage of the loan or deposit balance, interest is paid to the lender by the borrower in the case of a loan or from the financial institution to the depositor in the case of a savings account.

Answer 2

Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

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