Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.3 Simple Interest - Concept and Vocabulary Check: 4

Answer

The statement is false. Interest is either the amount of money we pay for borrowing money or the amount of money we earn for investing money.

Work Step by Step

The statement is false. Interest is either the amount of money we pay for borrowing money or the amount of money we earn for investing money.
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