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The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
Another word for amount of money you make?
Some synonyms for the amount of money you make are:rate of paysalaryearningsremunerationprofit
Is the capacity the same as amount Why?
No. A quantity of money would be an amount but not capacity.
Is cost a common noun?
Yes, the noun 'cost' is a common noun, a general word for the amount of money paid or charged for something; a general word for the loss or penalty involved in achieving something.The word 'cost' is also a verb: cost, costs, costing.
The amount of money charged for borrowing money is called?
intrest
What is the amount of money charged for borrowing money?
Interest
The amount of money charged for borrowing or using money?
Simple Interest
What is it called when the money we pay for the privlege of borrowing money?
The money we pay for the privilege of borrowing money is called "interest." It is typically expressed as a percentage of the loan amount and is charged by lenders as a fee for the service of providing funds. Interest can vary based on factors such as creditworthiness and the type of loan.
What do you call the fee charged for borrowing money?
Interest.
The cost of borrowing money is called the?
The cost of borrowing money is called interest.
Word meaning the sum charged for borrowed money?
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
The fee that a company must pay when borrowing money to fund their business is called?
The fee that a company must pay when borrowing money to fund their business is called interest. This is typically expressed as a percentage of the loan amount and is charged by lenders as compensation for the risk of lending and the opportunity cost of their funds. Interest can vary based on factors such as the borrower's creditworthiness, the loan's duration, and prevailing market rates.
What do you call a charge for borrowing money?
a debtor with a dick
A sum paid or charged for the use of money or for borrowing money?
The sum paid or charged for the use of money or for borrowing money is known as interest. It is typically expressed as a percentage of the principal amount, which is the initial sum borrowed or invested. Interest can be classified as simple, calculated only on the principal, or compound, which is calculated on the principal plus any accumulated interest. This financial concept is fundamental in banking, loans, and investments.
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What does it mean to pay interest on a loan or credit card?
Paying interest on a loan or credit card means that you are charged a fee for borrowing money. This fee is a percentage of the amount you borrowed and is added to your total repayment amount.
