A charge for the use of money,usually figured as a percentage of the principal is called

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Quizplus · Accepted Answer

Interest is the charge for the use of money, usually calculated as a percentage of the principal amount. Dividend refers to the share of profits paid to shareholders. Tax is a mandatory contribution imposed by the government on income or goods and services. Risk refers to the possibility of loss or damage. Therefore, the best choice is A) interest, as it correctly describes the charge for the use of money.

A Charge for the Use of Money,usually Figured as a Percentage