Question

what is interest .......please answer me​

Answer 1

Answer:

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

Step-by-step explanation:

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Answer 2

Answer:

the extra amount whenever we take loan from Bank.

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