That would depend on the original principal (the amount you borrowed) and how they compute interest.
The original $50 loan would be considered the principal amount. The extra $10 would be considered interest charged on the principal.
principal
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.
Line of credit
The original amount of money borrowed is known as the principal.
It is sometimes called the capital.
The original amount of money borrowed is known as the principal.
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
principle
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
That would depend on the original principal (the amount you borrowed) and how they compute interest.
That is called "interest"
The original $50 loan would be considered the principal amount. The extra $10 would be considered interest charged on the principal.
principal
principal
it is that amount of capital which is borrowed by the entrepreneur(s) from the bank or other financial institutions etc.