Question

When extra amount is charged for some borrowed amount is called​

Answer 1

Answer:

not answer

Step-by-step explanation:

extra amount is charged for some borrowed amount is called

Answer 2

Answer:

For example, $300 of consumer debt payments with a $2,600 net income produces a consumer debt-to-income ratio of 12%. Debt repayment is a major expense for many families. The amount owed is called the principal and the price of borrowing money is called interest.