Show your understanding of interest by completing the following sentence: interest is the amount of money (earned, owed) by the owner of an asset and (paid, earned) by the borrower of the asset for its use.

Interest is the amount of money earned by the owner of an asset and paid by the borrower of the asset for it's use.

Explanation:

For example I am the owner of an asset which is cash and I lend out the cash to a borrower for a 7% interest. Now I as the owner of the asset will earn this 7% interest because I let someone else use my asset and they owe me this money, whereas on the other hand the borrower will pay me an interest for using my asset.

a

explanation:

reducti0n

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.