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faltersainse [42]
3 years ago
10

Interest is the cost of borrowing. a. True b. False

Business
1 answer:
Gnesinka [82]3 years ago
8 0
Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.
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