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None, if you own it before using it.
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∙ 11y ago
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What is percentage charged for convenience of exchanging one kind of money for another?
agio
What are five ways people use percentages?
If you have money in the bank you get a certain percentage interest. If you borrow money you have to pay a certain percentage extra back. If you buy a product a percentage of the price is tax. When you earn money you pay a percentage in tax. The government knows what percentage of the population are unemployed.
You were quoted 400 but charged 850 what is the increase as a percentage?
To work out the increase as a percentage: ((850 / 400) -1) *100 = 112.5%
How do you divide money with percentage?
u divide the money to percetage!! DAHH!!
Can you be charged 34.97 percent annual percentage rate?
Yes, if you agree to it. In order to be charged interest, you must be borrowing money, even on a credit card. If your credit card company is raising your interest rate to 34.97%, you are given the option to pay off your balance to avoid the interest rate. If you do not pay off the balance, you are, in essence, agreeing to pay the interest rate.
What is interest rate?
The percentage of a sum of money charged for its use.
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
What does interest rate mean?
The percentage of a sum of money charged for it's used.
What is percentage charged for convenience of exchanging one kind of money for another?
agio
What is the percentage charged for exchanging one kind of money for another called?
That is called 'agio' .
Which term is defined as a fee charged for the use of money?
interest
What are five ways people use percentages?
If you have money in the bank you get a certain percentage interest. If you borrow money you have to pay a certain percentage extra back. If you buy a product a percentage of the price is tax. When you earn money you pay a percentage in tax. The government knows what percentage of the population are unemployed.
Is a percentage of the amount loaned which is a charge for the use of the money?
INTEREST =op
What term is defined as fee charged for the use of money?
It is interest payable, usually on agreed terms.
A percentage of the amount in the savings account which is a reward for the bank's use of the money?
interest
Why interest are charged on loans?
Interest is like the rental paid on money that someone else has let you use.
Word meaning the sum charged for borrowed money?
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
