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The original amount of money borrowed is known as the principal.
The original amount of money borrowed is known as the principal.
That is called "interest"
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.
Are you including the interest that is being charged on the borrowed amount? When you borrow money, say $10000, you are charged interest on that amount. So you'll end up paying far more than the $10000 you borrowed.
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.
That is called "interest"
principal
principal
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.
principal
The amount borrowed by a lender (A+ls)
principal
principal
Are you including the interest that is being charged on the borrowed amount? When you borrow money, say $10000, you are charged interest on that amount. So you'll end up paying far more than the $10000 you borrowed.