Why You Pay More Than You Borrow 😳 ⭐

本站添加: 2026-05-07

[00:00:00]Ever wondered why banks take extra money? Let me show you a simple example.

[00:00:04]Alex needed $100, so he went to the bank. The bank gave him the money, but asked him to return $110 after one year.

[00:00:12]Alex agreed and took the money. Later, he had to pay back more than he borrowed. That extra $10 is called interest. It is the cost of using someone else's money. If you borrow money, you pay interest. And if you save money, you earn