Social Sciences, asked by lasyar202, 1 month ago

write a comment on interest banking​

Answers

Answered by hiyasingh668
0

Answer:

please mark as brainliest and follow

Explanation:

Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money

Answered by shoebabbas20
0

Explanation:

the rate of interest is equal to the interest amount paid receive over a particular period divided by the principal sums

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