Asked by amber
what is a example of interest?
Answers
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.
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.
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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