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Interest paid on both the principal and the interest on the principal is what?
Compound Interest
Interest paid on both the principal and the interest accumulated on the principal is called?
amount
Difference between simple and compound interest?
Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.
What is the sum of the principal and the interest?
the total
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
Interest paid on both the principal and the interest on the principal is what?
Compound Interest
Interest paid on both the principal and the interest accumulated on the principal is called?
amount
What are the Esperanto words for interest and principal?
The Esperanto words for interest and principal are intereso and ĉefa.
What is the interest calculated only on the principal?
simple interest
What type of interest pays interest on principal only?
simple interest
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
How do you spell principle and interest?
The correct spelling is principal and interest. The principal is normally the amount borrowed, which is reduced by paying any amount exceeding the interest.
Difference between simple and compound interest?
Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.
What Is the percent of the principal paid as interest per time period?
It is an increasing percentage as the repayment progresses. At the start, it is mostly interest and very little principal whereas near the end it is mostly principal and little interest.
How do we calculate interest PART and principal part in an EMI?
http://blog.investraction.com/2007/04/emi-principal-and-interest-calculator.html
If a simple interest of 4.5 percent was paid at the end of the year then find the balance at the end of the year?
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
What is the value of compound interest?
Compound interest increases the amount earned by adding credited interest to the principal, and interest will then be earned on that money as well. The longer the principal and interest remain in the account, the greater the earnings they will accrue.
