answersLogoWhite

0

Interest is the money you pay when you get a loan. It is the cost of having someone lend you money.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the difference between simple and compound interest?

Simple intrest is one you are making on the principle. Compound Intrest is one your are making on principle plus intrest you have earned on it. So basically you are making Intrest on the Intrest you have earned on your principle. For Example: Compound Intrest, You have $5000.00 invested in a CD, First month you have earned $100.00 on that CD in intrest, in following month you will earn more because you are getting paid intrest on your $100.00 you have earned in intrest in first month and it goes on like that. in simple intrest you won't make intrest on intrest you have earned, you will only earn it on actuall $5000.00.


What is a intrest?

an intrest is a group of people you like and hang out.


What are special intrest groups?

special intrest groups are groups in the government


What are McCain's-interests?

His intrest is becoming president His intrest is becoming president


What are special-intrest groups?

special intrest groups are groups in the government


How do you solve simple interest?

simple intrest=ptr/100: simple intrest=ptr/100:


What did Babe Ruth give?

He gave entertainment, hope, intrest in baseball, and intrest in his personal life


What kind of interest a person can have?

We have two kinds of intrest 1- Simple intrest 2- Compond inrest


British intrest in Canada?

In 1846.


What are dolley madisons intrest?

fashon


What is a point of interest?

A point of intrest is something that will attract tourists to a state or country. (For example Mt. Rushmore National Memorial is a point of intrest.)


What is the present value of an investment if its future value is 10000 for 6 years?

$7,903.50 if the intrest rate is 4% (A high bank intrest rate percentage)

Trending Questions
What is one major role international organization play in global economy? U.S. president Franklin D. Roosevelt proposed a massive package of economic and social programs called the? What is an economic system in which land property and capital property are properly owned and equally allocated and planned not controlled by a free market? A revenue variance is unfavorable if the actual revenue is less than what the revenue should have been for the actual level of activity for the period true or false? How does the government typically change fiscal policy to try to keep the economy stable during a period of rapid economic growth? How War cause Economical Crisis? Who takes on the financial risk in starting a new buisness in a market economy? What happens policies are not followed? What causes a PPC to shift? How much does Coco Chanel make in a year? How many pesos equals 100 dollars? What is an economic system that uses both free-market and command principles? If you woke up in the morning and found that nominal GDP had doubled overnight what statistic would you need to check before you began to celebrate? What is a reason for diminishing liquidity in modern corporations? What is the process called by which the economies and cultures of many nations become integrated and interrelated? What are the roles of quota in oligopoly? If inflation rate increase what happen to bond's price? What is the relationship between a gross domestic product and the human development Index HDl? What was part of the US plan to promote democracy in Europe? What is a 2010 e pluribus unum penny worth?