Economy, asked by creditmoney, 2 months ago

Define about of principal interest.

Answers

Answered by vinaysv787
0

Answer:

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Explanation:

In a principal + interest loan, the principal (original amount borrowed) is divided into equal monthly amounts, and the interest (fee charged for borrowing) is calculated on the outstanding principal balance each month. This means the monthly interest amount declines over time as the outstanding principal declines

Answered by mohithmanju987
0

Explanation:

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