Interest on Purchase Payment
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Question
A father asked his son to buy a specific item for him, the price was 13.80 NIS, and the father paid his son a round sum of 15.00 NIS. Is this considered interest?
Answer
Hello
If the son paid for the father, and the father pays him more than it cost, it is considered interest according to the Torah, as it adds an amount to the debt.
If the father does not want to receive the change, he can tell the son that the addition is for the effort of the purchase.
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