0
the total
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
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 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.
What is a loan - repayment plan in which the principal plus interest is repaid at once?
Loans where the interest accrues over time and then the interest plus the principal are paid are known as "bullet" loans (derived from the theory that having to pay interest plus all of the principal at once is like taking a bullet by the borrower).
What is the sum of the principal and interest?
the total
The difference between the simple and compound interest on a certain sum is Rs250 for two years at 5 percent Pa per annum Find the sum?
simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest
What is the math definition of principal?
The "principal" is the sum of money invested or borrowed, before interest or other revenue is added, or the remainder of that sum after payments have been made. In math, this applies to finance.
Word meaning the sum charged for borrowed money?
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
What statement best defines the term principal?
The principal is the original sum of money invested or loaned, on which interest is calculated. It is the base amount used to determine future interest payments or investment returns.
Interest paid on both the principal and the interest on the principal is what?
Compound Interest
How do you write a sentence using the word principal?
There are many ways to use the word principal in a sentence: 1. Who is the principal of Howard College? 2. The sum of interest he paid on that loan is double the principal 3. Aderogba will play the principal role in the next movie.
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.
How do you do add math project form 5?
In order to do addition for math problems on Project Form 5, we will need to know what the actual equation is. If you need help with math, contact your teacher, tutor, or receive help from using a calculator.
What is a bank discount?
A bank discount is a sum equal to the interest at a given rate on the principal of a bill or note from the time of discounting until it becomes due.
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.
