Differentiate interest and profit?

Question

Differentiate interest and profit?

Answer 1

Take basic economics class pl0x???

Answer 2

Interest is a fixed rate for an amount of money that will be pay in a agreed period of time.

Profit is amount that you earn over a business due.

Answer 3

in case you are asking from an islamic banking perspective:

the difference between interest and Profit is that allah forbid the practice of charging interest and allowed people to trade with profit.

the interest here refers to the amount charged on an outstanding amount due from the seller.

while the profit is an integral part of the sale.

in case you are asking in the normal sense:

the interest is that portion of installment which is charged on the due amount to compensate for the time value of money.

while profit is that part which accrues to the seller of any goods/services over and above the cost of goods.