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The amount the bank charges for use of money is called interest.
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Asked 9/13/2012 3:51:33 PM
Updated 3/17/2014 7:05:21 AM
1 Answer/Comment
Flagged by jeifunk [3/17/2014 7:05:21 AM]
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User: The amount the bank charges for use of money is called interest.

Question
Asked 9/13/2012 3:51:33 PM
Updated 3/17/2014 7:05:21 AM
1 Answer/Comment
Flagged by jeifunk [3/17/2014 7:05:21 AM]
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TRUE. The amount the bank charges for use of money is called interest.
Added 3/17/2014 7:05:19 AM
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Questions asked by the same visitor
What is the definition of interest?
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Updated 12/25/2014 5:47:26 AM
1 Answer/Comment
Interest refers to a state of curiosity or concern about or attention to something .


Added 12/25/2014 5:46:07 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [12/25/2014 5:47:27 AM]
The time of a loan could be expressed in months, years, or days. TRUE or FALSE.
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Updated 3/2/2018 9:01:44 AM
1 Answer/Comment
The time of a loan could be expressed in months, years, or days. TRUE.
Added 3/2/2018 9:01:44 AM
This answer has been confirmed as correct and helpful.
is it false that The time of a loan could be expressed in months, years, or days.
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Updated 3/17/2014 7:04:47 AM
1 Answer/Comment
TRUE. The time of a loan could be expressed in months, years, or days.
Added 3/17/2014 7:04:47 AM
This answer has been confirmed as correct and helpful.
true or false. The exact interest method represents time as the exact number of days divided by 365.
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Updated 12/27/2017 5:56:18 AM
1 Answer/Comment
The exact interest method represents time as the exact number of days divided by 365. TRUE.
Added 12/27/2017 5:56:18 AM
This answer has been confirmed as correct and helpful.
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