Find and define the following terms from the passage: Interest

1 answer

Sure! The term "interest" can have multiple definitions depending on the context in which it is used. Here are two common definitions:

  1. Financial Context: Interest refers to the cost of borrowing money or the return earned on an investment. It is usually expressed as a percentage of the principal amount over a specific period. For example, if you take out a loan, the lender may charge you interest on the amount borrowed.

  2. General Context: Interest can also refer to a curiosity or concern regarding a particular subject, activity, or individual. For example, someone may have an interest in gardening, meaning they enjoy and engage in gardening activities.

If you have a specific passage in mind, please provide it, and I can help you find and define "interest" within that context.