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OpenStudy (anonymous):
What is interest? How does interest affect credit card purchases?
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OpenStudy (anonymous):
help! I need somebody! help! not just anybody! hellllllppp
OpenStudy (dmndlife24):
Well, basically, interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds. http://en.wikipedia.org/wiki/Interest
OpenStudy (anonymous):
thanks! haha
OpenStudy (dmndlife24):
Your welcome
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