The difference between the amount borrowed (or invested) and the amount repaid (or collected) is commonly known as
A) simple interest.
B) an annuity.
C) interest
D) present value.

Name: The difference between the amount borrowed (or invested) and the amount repaid (or collected) is commonly known as A) simple interest. B) an annuity. C) interest D) present value.
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Question

Quizplus · Accepted Answer

Interest is the difference between the amount borrowed or invested and the amount repaid or collected.

The Difference Between the Amount Borrowed (Or Invested) and the Amount