Asked by amber

what is a example of interest?
Answered by Ms. Sue
When a person borrows money, like on a credit card or for buying a car, the bank or finance company charges interest.

For instance, if you borrow $1,000 for a year and pay 5% interest a year, you'll pay

1,000 * 0.05 = $50 in interest for the year.

Answered by amber
Thank you Ms. Sue i hope i can ask more questions :)
Answered by Ms. Sue
Sure. Ask as many questions as you like. However, be sure to tell us what you know about the possible answers.

We frown on homework dumping with no effort shown by the students.

Answered by amber
Don't worry i just basically need example. Your Awsome!
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