30-05-2024
Business

Answered

When a loan is paid back,
banks receive the initial loan
A. rent
amount plus what?
B. capital
C. wages
D. interest

Answer :

GinnyAnswer GinnyAnswer

30-05-2024

Final answer:

When a loan is paid back, banks receive the initial loan amount plus interest.

Explanation:

Interest is the amount of money paid to a lender above the return of the principal. When a loan is paid back, banks receive the initial loan amount plus interest. Banks earn a profit by lending money at interest.

Learn more about Interest on loans here:

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