Question

7% car loan which is compounded annually has an interest payment of rupees 210 after the first year what is the principle of a loan

Answer 1

Loan Principal Questions and Answers - The Balance The principal of a loan is the amount borrowed. Interest is calculated on the principal. In a loan amortization schedule, the principal and interest are separated, so you can see which part of your monthly payment goes to paying off the principal, and which part is used to pay interest.
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