Question

select the correct choice that completes the following sentence. the money or fee the lender charges you for borrowing money is called balance. period. interest. principal. loan.

Explanation:

To solve this, we analyze each option:

• "balance" refers to the amount of money in an account, not a fee for borrowing.
• "period" is a time frame, not a fee.
• "interest" is defined as the money a lender charges for borrowing money, which matches the description.
• "principal" is the original amount borrowed, not the fee.
• "loan" is the borrowed sum, not the fee for borrowing.

Answer:

C. interest