Aha Trivia Stuff Everyone Should Know
Aha Trivia: Stuff Everyone Should Know · ahatrivia.com/mb-personal-management-bdd66afdd8a2

What is interest on a loan?

The cost of borrowing money.

Start playing free

  1. A tax on purchases
  2. The cost of borrowing money ✔
  3. A reward for saving money

Why: Interest is the amount a lender charges for borrowing money, on top of the principal.

Huh, didn't know that: Interest is the amount a lender charges for borrowing money, on top of the principal.

The dad joke
Interest is the rent you pay for money.
Like this card?
Play the game

References

Answer: The cost of borrowing money. Interest is the amount a lender charges for borrowing money, on top of the principal.

  1. Scouting America: Personal Management www.scouting.org/merit-badges/personal-management
    What a loan is, what interest is
    Checked 2026-11-07.

Think this answer is wrong? Tap "Challenge this answer" on the card in the game and tell us why.

MoneyWhat is a budget mainly used for?MoneyHow long is the tracking period for the Personal Management budget?MoneyIf your expected expenses exceed your income, what should you do?

That's stuff everyone should know.