Question

Why Do Bank Charge Interest
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Answer 1

Answer:

This is the price you pay for borrowing money, usually in the form of a bank loan or overdraft. Your bank statement may include a deduction made for “interest”. ... These fees occur because, usually, the bank has had to analyse whether you can afford to repay the set amount and to do a check on your past credit records.)

Explanation:

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Answer 2

Answer:

lemme explain

Explanation:

This is the price you pay for borrowing money, usually in the form of a bank loan or overdraft. Your bank statement may include a deduction made for “interest”. ... These fees occur because, usually, the bank has had to analyse whether you can afford to repay the set amount and to do a check on your past credit records

hope it will help :D

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