Additional amount which has to be returned along with the repayment of a loan is called the

Principal money

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Money rate of interest

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Extra charge money

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Service money

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Solution

The correct option is B
Money rate of interest

Credit is given in terms of money. The additional amount which has to be returned along with the principal amount is called the money rate of interest. Here, the calculation of interest on credit is done through money.

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The amount of extra money that is paid while repaying the loan is called interest.

Money at call, the very short period loans, are repayable on demand with in

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