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Simple Interest

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Q: What is a fixed percent of the principal in math?
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A fixed percent of the principal of a loan or investment?

A fixed percent of the principal of a loan or investment is called a fixed interest. It is paid monthly or annually or whatever based on the agreement made.


What is a fixed of the principal?

The value of the principal is fixed.


What are the monthly payments on a 30 year fixed rate mortgage at 5 percent?

This would depend on the principal balance of the mortgage.


What does principal mean in math terms?

principal(in terms of math)- the amount you borrow or deposit


What do you call a math answer percent?

Rate is the percent.


What is the math definition of principal?

The "principal" is the sum of money invested or borrowed, before interest or other revenue is added, or the remainder of that sum after payments have been made. In math, this applies to finance.


What is a fixed percent of a principle?

It is a fixed rate of simple interest.


What does percent mean in math?

A percent is a ratio whose denominator is 100. I know this because I am a math teacher'part of a hundred'


What does 24 percent stand for in math?

In Math, 24 percent can mean 0.24 in decimal or 24/100 in fraction.


Is a fixed percentage of the principal paid over a specific period of time?

depreciate


Is coolmath real?

yes,it is real it is a website that does not have any math in it 99 percent of it is games only one percent of it is math


What are the principal gold ores?

The principal ores are calaverite, a telluride (containing tellurium) containing 40 percent gold, and sylvanite, a mixture containing 28 percent gold