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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 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."
What do you call a charge for borrowing money?
a debtor with a dick
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.
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
What is the difference between loan principal and principle, and how do they impact the overall cost of borrowing money?
The difference between loan principal and principle is that "principal" refers to the original amount of money borrowed, while "principle" refers to a fundamental belief or rule. The loan principal directly affects the overall cost of borrowing money because the interest charged is typically calculated based on the principal amount. A higher principal means higher interest costs, resulting in a higher overall cost of borrowing.
Why do you have to pay late fees with a credit card but not with a debit card?
Late fees are charged on credit cards because when you use a credit card, you are essentially borrowing money from the card issuer. If you don't pay back the borrowed amount on time, you are charged a fee. On the other hand, with a debit card, you are using your own money directly from your bank account, so there is no borrowing involved and hence no late fees.
