principal
principal
principal
principal
The original amount of money borrowed is known as the principal.
The original amount of money borrowed is known as the principal.
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
A Loan is to borrow something as in money and in the future you give the amount of money that you borrowed to the person that you borrowed the money from.
That is called "interest"
Interest
principal
The predetermined amount an individual must pay for the use of borrowed money is called interest.
The predetermined amount an individual must pay for the use of borrowed money is called interest.