When someone lends money to someone else, the borrower usually pays a fee to the lender. This fee is called 'interest'. 'Simple' interest, or 'flat rate' interest. The amount of simple interest paid each year is a fixed percentage of the amount borrowed or lent at the start. <span>Interest = Principal × Rate × Time</span>
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Answer:
Given a line and a point not on it, no lines parallel to the given line can be drawn through the point. you get an elliptic geometry.
Step-by-step explanation:
