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Semaj Montoya
Business
14 August, 18:23
Interest is the cost of borrowing.
a. True
b. False
+2
Answers (
1
)
Lawrence
14 August, 18:46
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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