Interest is the charge for the privilege of ____________________________, typically expressed as annual percentage rate (APR). Interest can also refer _________________________________________, usually expressed as a percentage.
Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.
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Answer:
Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.