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A fee paid for using someone else's money is called

A tax
B. balance
C. interest
D. principal
Please select the best answer from the choices provided

2 Answers

2 votes

Answer:

c

Step-by-step explanation:

Interest—The price of using someone else's money; the price of borrowing money. Interest rate—The price paid for using someone else's money, expressed as a percentage of the amount borrowed.

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User Yoely
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3 votes

Answer:

C.

Step-by-step explanation:

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User Enumy
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9.2k points

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