In order to figure out the amount of interest that will be owed by Danielle, she needs to get the information regarding the rate of interest over her borrowing of $125.
What is a rate of interest?
The rate at which the amount of interest is charged on or against any loans or advances, throughout the given period, is known as the rate of interest.
In order to calculate the amount of total repayment, one needs to ascertain the principal amount borrowed, the period of repayment and the rate of interest charged on such principal amount.
Hence, it can be said the Danielle needs to get information regarding the rate of interest over her borrowed amount.
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