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Updated: May 16, 2025
As he charges interest in current-account at the rate of 5 per cent, so he allows the same. His profit, therefore, quoad the interest on current-accounts and balances in hand, is nil; but for the trouble of managing accounts and for discounts, his charge is five shillings per L.100. In lending out his capital, he realises five per cent more upon that.
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