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Earn +20 ptsQ: Is the original amount deposited or borrowed?
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How much is 5 years auto loan at 0.9 percent interest?
That would depend on the original principal (the amount you borrowed) and how they compute interest.
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 initial amount of money borrowed or saved?
principal
A deposited an amount in a bank which gives 10 percent simple interest At the end of the fifth year he received a total of Rs 30000 The amount deposited by him was?
Let A = amount balance after 5 years = Rs 30,000 r = 10% = 0.1 t = 5 years P = amount deposited A = Pert 30,000 = Pe(0.1)(5) 30,000 = Pe0.5 30,000/e0.5 = P 18,195.92 = P The amount deposited was Rs 18,195.92.
What is a pre-established amount that can be borrowed on demand?
Line of credit
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