Speaking of interest, Mr. Mu held his breath.
"So, how do you calculate the interest?" Mr. Mu asked.
"Usually, I start lending at fifty cents, and the daily interest is one cent. Over a year, it's more than three taels.
The more you borrow, the more the interest, which means if you borrow fifty taels of Silver for a year, the interest is three hundred and sixty-five taels." Gao Tiezhu said.
Upon hearing this, Mr. Mu almost fainted.
If he borrowed fifty taels of Silver, it would turn into three hundred and sixty-five taels in a year, and that's just the interest, not the principal.
Mr. Mu hesitated.
Not only him, but even Mu Dazhong and Mu Danian also hesitated.
They were there to enjoy the good life, not to bear debts. Borrowing fifty taels and paying back four hundred taels at the end of the year, where would the Old Mu Family get so much money?
