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What is a charge levied for borrowing money?

Interest e2020!


What is call money and notice money?

The term "Call money" is borrowing or lending money for 1 day. The term "Notice money" is borrowing or lending money for a period of 14 or more days.


What do you call the fee charged for borrowing money?

Interest.


Which branch of government is in charge borrowing and spending money in the US?

Congress


How do you understan borrowing in math?

Borrowing is the act of taking with intentions of returning it. If you borrow money, most people will charge interest on the money. Most banks charge interest yearly, sometimes monthly. The interest depends on who or where you borrow the money from.


What do you call an extra amount of money paid back with a loan as a charge borrowing?

The extra amount of money paid back with a loan as a charge for borrowing is called "interest." Interest is typically expressed as a percentage of the principal amount borrowed and compensates the lender for the risk and opportunity cost of lending the money. It can be calculated in various ways, including simple or compound interest, depending on the loan terms.


What is the definition of interest in math terms?

The charge for borrowing something (money) or the return for lending it


Is a charge levied for borrowing money generally earning a percentage of the amount borrowed.?

Interest On E2020 Government quiz


Is a charge levied for borrowing money generally earning a percentage of the amount borrowed?

Interest On E2020 Government quiz


What are the advantages of borrowing?

If someone borrows your money, you can charge them interest depending on how much they borrowed, and how long it takes them to pay it back.


What do you call an official in charge of money?

Treasurer


The cost of borrowing money is called the?

The cost of borrowing money is called interest.