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The original amount borrowed or invested is called the principal. This is the initial sum of money on which interest is calculated, representing the core value of the loan or investment before any interest or returns are applied. Understanding the principal is crucial for calculating interest and determining the overall financial implications of a loan or investment.
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When you borrowed $50 from your rich cousin, and then had to pay her back $60, what is the original $50 called?
The original $50 loan would be considered the principal amount. The extra $10 would be considered interest charged on the principal.
What is The amount of change over the original amount and how much the original amount decreases is called the?
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What is the amount of increase divided by the original amount called?
The amount of increase divided by the original amount is called the "relative increase" or "percentage increase." It is often expressed as a percentage by multiplying the result by 100. This measure helps quantify how much something has grown relative to its initial value.
What is the original amount of money called in math?
In mathematics, the original amount of money is referred to as the "principal." This term is commonly used in finance to denote the initial sum of money on which interest is calculated. The principal can apply to loans, investments, or savings accounts, serving as the foundation for determining interest earnings or payments.
How did Muslims contribute to math?
Muslims invented algebra. They borrowed the symbols 0-9. They are today called Arabic numerals.
The amount of money invested or borrowed is called what?
principal
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
The amount of money invested in a corporation by the owners is called?
equity
The amount of an original investment is called?
the amount of an original investment is called
When you apply for a loan at a bank What is the amount borrowed called?
Principal.
When you borrowed $50 from your rich cousin, and then had to pay her back $60, what is the original $50 called?
The original $50 loan would be considered the principal amount. The extra $10 would be considered interest charged on the principal.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
When a person borrows money what is the original amount of the loan called?
The original amount of the loan is called principal.
What word means money paid for a loan?
That is called interest, the main loan amount that you borrowed is called the principle.
