Home › CBSE Class 8 › Mathematics › Comparing Quantities › Money paid by a bank on a deposit is called:
Money paid by a bank on a deposit is called:
AInterest
BDiscount
COverhead
DBill cost
Answer & Solution
Correct answer: A. Interest
1. Banks pay you extra for keeping money with them.
2. Borrowers pay the same kind of charge.
3. That extra money is called interest.
4. So the answer is interest.
_Source: NCERT Class 8 Mathematics, Ch 7 'Comparing Quantities'_
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