principal
Wiki User
∙ 11y agoThe 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.)
That is called "interest"
equity
Principal.
The predetermined amount an individual must pay for the use of borrowed money is called interest.
It is sometimes called the capital.
The predetermined amount an individual must pay for the use of borrowed money is called interest.
The original amount of money borrowed is known as the principal.
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 is called interest, the main loan amount that you borrowed is called the principle.
p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100