Responses
the portion of a loan that is interest, or money paid to the borrower.
the portion of a loan that is interest, or money paid to the borrower.
none of these
none of these
is only on credit cards
is only on credit cards
is always high
1 answer
The correct response would be:
the portion of a loan that is interest, or money paid to the borrower.
This definition captures the concept of interest, as it refers to the cost of borrowing money, which is typically expressed as a percentage of the amount borrowed.
