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Resolved Question
Dec 25, 2006, 1:12 am
How does a bank make money from lending money? 
 

   
   

Answers  (1)


k7 		Dec 26, 2006,12:13 am
Well, the bank charge an interest. For instance, if a company wants to borrow $50,000.00 for six month. The bank charge an interest of 10%. So at the end of the six months, the bank get $50,000.00 plus an additional $5,000.00 for the services rendered.