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2 June, 21:15

Which term is a word for a fee that is paid for the use of another person's money?

time

principal

interest

interest rate

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  1. 2 June, 21:19
    0
    interest

    Step-by-step explanation:

    The term that is used for a fee that is paid for the use of another person's money is called interest.

    Interest is based on some percentage on which the lender lends you money. That amount is to be given back in some period of time with some additional money.

    This additional money is called interest.
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