Ha0l2essnandamya Ha0l2essnandamya

20-06-2016
Business

Answered

Interest is the cost of borrowing.

ATrue
BFalse

Verified Answer :

metchelle metchelle

28-06-2016

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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