The amount of increase added to the principal value of money?

Question: The amount of increase added to the principal value of money?

The amount of increase added to the principal value of money is referred to as interest. Interest is usually expressed as a percentage of the principal amount of money and is charged to the borrower by the lender. It is the compensation the lender receives for the risk taken in providing the loan. The interest rate can either be fixed (unchanging for the duration of the loan) or variable (subject to change during the life of the loan). The higher the risk for the lender, the higher will be the interest rate charged to the borrower.

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