Question

definition of principal in banking​

Answer 1

Step-by-step explanation:

Making a fruit salad, with raw fruits is considered as physical change because in this process chemical composition of fruits is not changed. It is simply changing the shape of the substance.

Answer 2

Answer:

Principal is the money that you originally agreed to pay back. Interest is the cost of borrowing the principal. ... Then the rest of your payment will be applied to the principal balance of your loan.

Step-by-step explanation:

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