ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The amount of money borrowed
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Principal
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Principle
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Creditor
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Credit
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Explanation:
Detailed explanation-1: -The amount of money borrowed or invested is called as Principal. When you first take out a loan, the principal is the original amount you borrowed. As you pay toward that debt, the principal becomes the outstanding balance on the loan, not including interest and any fees accrued.
Detailed explanation-2: -The correct option is A principal. The money borrowed or lent out for a certain period is called the principal.
Detailed explanation-3: -This amount is known as the principal; the lender determines the interest on the other by use of some internal underwriting frameworks as well as simple and compound interest formulas.
There is 1 question to complete.