USA HISTORY

Detailed explanation-1: -Interest means money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Detailed explanation-2: -Interest: Money paid regularly at a particular rate for the use of money lent.

Detailed explanation-3: -Interest Rates Interest is a cost of borrowing money. Lenders generally charge a certain percentage of the average daily balance of your account, which is called an interest rate. This interest rate is applied to your outstanding balance on a monthly basis.

Detailed explanation-4: -Interest is the charge for the privilege of borrowing money; a borrower must pay interest for the ability to use the funds released to them through the loan. Loans can usually also be fully paid in a lump sum at any time, though some contracts may include an early repayment fee.

Detailed explanation-5: -Someone’s wages are the amount of money that is regularly paid to them for the work that they do.