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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 total amount borrowed called?
The total amount borrowed is referred to as the "principal." This is the initial sum of money that a borrower receives from a lender, which must be repaid, usually along with interest, over the term of the loan. Understanding the principal is crucial for borrowers as it determines the basis for interest calculations and repayment obligations.
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.
When you times something by four what is it called?
When you multiply something by four, it is called "quadrupling" that value. The term "quadruple" refers to the result of this multiplication, meaning four times the original amount.
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.
What is the term for the original amount of money borrowed from a loan?
The term for the original amount of money borrowed from a loan is called the "principal." This is the initial sum that the borrower agrees to repay, excluding any interest or fees. The principal amount is crucial in determining the total repayment amount over the life of the loan.
What is the amount of money borrowed or deposited called?
The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.
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
When you apply for a loan at a bank What is the amount borrowed called?
Principal.
The amount of an original investment is called?
the amount of an original investment is called
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.
