Question

WHAT IS THE MEANING OF INTERSTE IN A BANK​

Answer 1

Answer:

$\large \purple { \fcolorbox{blue}{lavenderblush}{ \: \textsf{\ \ \ \ddag \ \ \ \ \ \blue{Answer}\ \ \ \ \ \ddag \ \ \ }}}$

$\sf\green{\odot}$ Interest is the money you either owe when borrowing or are paid when lending money. When you owe interest, it's calculated as a percentage of the loan (or deposit) you've taken. You earn interest when you lend money or deposit funds into an interest-bearing bank account.

✯✯✯✯✯_________________________✯✯✯✯✯

$\bold \star\red{\underline{\boxed{Hope \: it \: helps \: you}}}\star$

$\bold \star\orange{\underline{\boxed{Pls \: follow \: kar \: do}}}\star$

$\bold \star\red{\underline{\boxed{Pls \: mark \: me\: brainlist}}}\star$

✯✯✯✯✯_________________________✯✯✯✯✯

Answer 2

Answer:

Interest is the money you either owe when borrowing or are paid when lending money. When you owe interest, it's calculated as a percentage of the loan (or deposit) you've taken. You earn interest when you lend money or deposit funds into an interest-bearing bank account.