You can also think of interest as:
A)a cost per unit,just like other prices.
B)price per dollar divided by time.
C)a price per dollar,per unit of time.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

Interest can be thought of as a cost per unit, just like other prices. It is also a price per dollar divided by time, as the lender charges a certain percentage of the borrowed amount for a specific period of time. Therefore, all of the statements are true.

You Can Also Think of Interest As