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Answer in one sentence. What is Interest? - Secretarial Practice

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प्रश्न

Answer in one sentence.

What is Interest?

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उत्तर

Interest is a payment made for using the money of another person. For borrowers, interest is the cost of renting money while for lenders, interest is the income from his lending money.

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Interest
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 10: Dividend and Interest - Exercises [पृष्ठ १५४]

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बालभारती Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
अध्याय 10 Dividend and Interest
Exercises | Q 1 H) 9. | पृष्ठ १५४
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