MANAGEMENT

Detailed explanation-1: -Answer. Step-by-step explanation: the money borrowed from a bank is called simple interest in this sentences is True.

Detailed explanation-2: -The correct answer to the given question is option True. The cost of borrowing is called as interest.

Detailed explanation-3: -The correct option is A principal. The money borrowed or lent out for a certain period is called the principal.

Detailed explanation-4: -When you borrow money, interest is the cost of doing so and is typically expressed as an annual percentage of the loan (or amount of credit card borrowing). When you save money it is the rate your bank or building society will pay you to borrow your money. The money you earn on your savings is also called interest.

Detailed explanation-5: -borrow. transitive verb. bor·row. : to take or receive temporarily. specifically : to receive (money) with the intention of returning the same plus interest.