Respuesta :

natecomo10

Answer:

the loan

Explanation:

When you take a loan the bank or the person that you took the loan from can but and interest rate in order for the person that lent you the money to make a profit. This interest rate is eventually added to the overall amount of money you owe the person.

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Interest rates are expressed as a percentage of the the loan which people owe.

What is interest rate?

This is the rate that is used to calculate the amount that has to be paid for the money that was borrowed.

The rate of interest is the percentage amount that represents the extra cost of borrowing money.

Read more on interest rate here: https://brainly.com/question/25793394

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