What is interest?
A) Payment for the use of money.
B) An equity investment.
C) Return on capital.
D) Loan.

Name: What is interest? A) Payment for the use of money. B) An equity investment. C) Return on capital. D) Loan.
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Question

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Interest refers to payment for the use of money, usually expressed as a percentage of the amount borrowed or invested. It is a cost incurred for borrowing money or a return earned for lending or investing money. Choices B, C, and D do not accurately describe interest.

What Is Interest