Q: What is the percentage charged for the use of money?

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agio

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.

To work out the increase as a percentage: ((850 / 400) -1) *100 = 112.5%

u divide the money to percetage!! DAHH!!

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.

Related questions

The percentage of a sum of money charged for its use.

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.

The percentage of a sum of money charged for it's used.

agio

That is called 'agio' .

interest

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.

INTEREST =op

It is interest payable, usually on agreed terms.

interest

Interest is like the rental paid on money that someone else has let you use.

A negative interest rate is when the central bank charges banks a small percentage for depositing their money there. The hope is that this will encourage the banks to lend their money rather than keeping it and being charged.