13,807.50
$494.34 Interest= principal amount * time* simple interest %
1282.5
Remaining principal (and interest on remaining principal unpaid) is the responsibility of the borrower, of course. The lender whose foreclosure sale did not net the full outstanding amount can place a lien on any other property of the borrower and sue to liquidate those possessions or receivables to satisfy the debt.
If you are talking about interest, that is a charge that a lender can add onto a borrower's principal amount in exchange for the borrower using the lender's money (aka a loan). If you are talking about a criminal charge, that would be either theft or fraud.
A Notice of Loan Interest Due is a legal document letting a borrower know that they will owe interest as a result of undertaking a loan. These notices generally provide the amount of principal/amount borrowed, the term for which the loan will be taken and the annual percentage rate incurred. Notices of loan interest provide a legal "announcement" to the borrower such that if they choose not to pay the interest, the lender has a better chance to win a civil judgment agains the borrower.
Rs 80.
6 years
Borrower. A person or company that has received money from another party with the agreement that the money will be repaid. Most borrowers borrow at interest, meaning they pay a certain percentage of the principal amount to the lender as compensation for borrowing.
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.
That would depend on the original principal (the amount you borrowed) and how they compute interest.
amount
Not usually. A "4 percent increase in the interest rate" usually means that there is some reference interest rate of x percent that is increased to 4 + x percent. This means that the interest paid increases from x percent of the principal to 4 + x percent of the principal. Therefore, the interest paid increases by 100 (4/x) %. For example, if a recent Federal funds rate of 1 % in the United States were to be increased by 4 %, the interest paid on any given amount of principal would increase by 400 %!