____ is the amount added to the prinicpal of a loan by the lender.
A)Rate
B)Simple
C)Interest
D)Maximum

Name: ____ is the amount added to the prinicpal of a loan by the lender. A)Rate B)Simple C)Interest D)Maximum
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Interest is the amount added to the principal of a loan by the lender. The interest is calculated based on the interest rate and the duration of the loan. The interest is the cost of borrowing money and is usually expressed as a percentage of the loan amount.

____ Is the Amount Added to the Prinicpal of a Loan