Math, asked by amartawar030, 4 months ago

The amount of money borrowed by a person is

Answers

Answered by Aʙʜɪɪ69

5

Step-by-step explanation:

This amount is known as the principal; the lender determines the interest on the other by use of some internal underwriting frameworks as well as simple and compound interest formulas. Loans can be a one-off piece of finance, or they can be open-ended and subject to regulation and capping.

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