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28 February, 10:36

Grace got a loan of $500 from her bank, and she had to repay it with $550. Which term describes the extra money Grace had to pay?

A. principal

B. Interest

C. annual percentage rate

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Answers (1)
  1. 28 February, 10:58
    0
    B. Interest

    Because the bank has to charge a certain amount for loaning out the money
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