Question

What is the word for a fee based on a percentage of money borrowed?

A. collateral
B. credit
C. debt
D. interest

Answer 1

The answer is (D) Interest

Step-by-step explanation:

An Interest is a fee which is based on the precentage of the money borrowed.

Hope this helped.

~rere

Answer 2

Interest Rate

Step-by-step explanation:

The cost of borrowing money expressed as a percentage of the amount borrowed