Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

fill in the blank with an appropriate word, phrase, or symbol. the mone…

Question

fill in the blank with an appropriate word, phrase, or symbol. the money the borrower pays for the use of the lenders money is called the ______. the money the borrower pays for the use of the lenders money is called the

Explanation:

Brief Explanations

This term refers to the cost incurred by a borrower for accessing and using funds provided by a lender, a core concept in financial transactions.

Answer:

interest