When money is borrowed, a fee is charged for the money borrowed. This fee is rent paid for the use of another's money, just as rent is paid for the use of another's house. The fee is called -------- . It is usually computed as a percentage (called the -------- ) of the principal over a given period of time.

When money is borrowed, a fee is charged for the money borrowed. This fee is rent paid for the use of another's money, just as rent is paid for the use of another's house. The fee is called -------- . It is usually computed as a percentage (called the -------- ) of the principal over a given period of time.

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter8: Introduction To Functions

Section8.9: Direct Variation

Problem 13OE

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