The original amount of money that Bart has on the loan is referred to as the "principal." This is the initial sum borrowed or invested, excluding any interest or fees. It serves as the base amount upon which interest calculations are made throughout the life of the loan.
principle
The original amount of money borrowed is known as the principal.
The original amount of money borrowed on a loan is referred to as the "principal." This is the initial sum that the borrower receives and is obligated to repay, excluding any interest or fees. The principal amount is the basis for calculating interest over the life of the loan.
The original amount of money borrowed is known as the principal.
The original amount of the loan is called principal.
principle
The original amount of money borrowed is known as the principal.
The original amount of money borrowed on a loan is referred to as the "principal." This is the initial sum that the borrower receives and is obligated to repay, excluding any interest or fees. The principal amount is the basis for calculating interest over the life of the loan.
The original amount of money borrowed is known as the principal.
The original amount of the loan is called principal.
If Lisa had a certain amount of money and spent $39 of it and has 75% of the original amount left then Lisa originally started out with $156.00.
Yes, principal and principle are homophones.
A profit is an amount of money that is more than it's original price On the other hand, a Loss is an amount of money that is less than it's original price
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Annual gross income refers to the amount of money a person makes in a year before taxes are removed. Net income refers to the amount of money made after the withdrawal of taxes.
Let's think money. If 5% was taken off, then the amount paid represents 95% of the original amount. So, to find the original amount, think that 95% of the original amount = paid amount And to solve, divide the amount paid by the percent you paid. In general divide by (100% minus the percent taken off).