08-11-2005, 09:04 PM
Actually We have not understood the interest.We say that leased cars are also victims of interest.We say that the loans taken from banks is also an evidence of interest,which I think is not right,we become too pessimistic on this matter rather than to be optimistic.Let me give you an example.
A bank buys cars from a showroom for Rs.1,000,000 now bank leases these cars to its customers by making its price to 1,200,000.Now that 200,000 is not interest but it is bank's profit.
A bank buys cars from a showroom for Rs.1,000,000 now bank leases these cars to its customers by making its price to 1,200,000.Now that 200,000 is not interest but it is bank's profit.