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andrew-mc [135]
2 years ago
8

What is the cost when someone borrows money from someone else?.

Business
1 answer:
PSYCHO15rus [73]2 years ago
8 0

The cost when someone borrows money from someone else is known as interest.

<h3>What is interest?</h3>

Interest rate is the cost of borrowing. It is the amount the borrower pays the lender for use of their funds. It is usually a function of the amount borrowed, length of the loan and the interest rate.

For example, if a person borrows $1000 for 1 year at an interest rate of 10, the interest that would be paid is: $1000 x 0.1 = $100.

To learn more about interest rate, please check: brainly.com/question/14935026

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A case comes before a Wisconsin state trial court on the subject of free speech on the Internet. It is a case of first impressio
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Explanation:

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A feature of personal selling by salespeople is that it is
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<h3>What is a Personal selling?</h3>

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However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.

Read more about Personal selling

<em>brainly.com/question/7304387</em>

#SPJ1

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