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Tuesday, 3 April 2018

Is this interest?

Say for example i take £500 off a friend, do business and earn £1000. So he gets back half profits i.e. his £500 back + 50% of profits (£250) so he gets back £750. Is that interest? cause it's his money PLUS the profit, not half of the overall amount (£500)

Or is it better to do half of overall money. So if 2k is made, he gets back 1k instead of his £500 + half of £1.5k (£750).

submitted by /u/Fredo100
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