contestada

The amount of money charged to borrow money, expressed as a percentage,
is called the
A. collateral
B. interest rate
O C. principal
D. loan term

Respuesta :

paigeby

Answer:

Interest rate

Step-by-step explanation:

The amount owed is called the principal and the price of borrowing money is called interest. Some people spend a day's pay (or more) per week repaying the interest and principal owed on car loans, credit card bills, student loans, and other consumer debts.