Yes and they will create right angles of 90 degrees
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No, just one point.
Yes, perpendicular lines do intersect at a single point. Think of the line representing the x-axis, and the line representing the y-axis. These two lines are perpendicular, and they intersect at the Origin (a single point).
they intersect 1 point at a 90 degree angle at all sides
Perpendicular lines intersect and form a right angle. The lines on a square are perpendicular to each line that it touches.
The point of intersection is the one point that is common to both lines.