People have to pay higher interest on loans than the interest they receive on a fixed deposit for the same time period. Why do u think so
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People pay higher interest rates on loans as some risk is involved there. When a bank pays an interest on deposit, it means that the bank is effectively borrowing at that rate. When the bank lends the same money it needs to have a spread which should be a little higher than the interest paid on the deposit.
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hi ,the upper answer is correct write it
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