alleryThe extra money a borrower pays back on a loan is called?
AChange
BTax
CInterest
DDiscount
Answer & Solution
Correct answer: C. Interest
1. A loan has to be repaid with something more.
2. The extra amount paid to the lender is interest.
3. Discount and change are other money ideas.
_Source: Wikipedia, Interest (CC BY-SA 4.0), Interest_
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