Question

The sum which is repaid with interest is called .......​

Answer 1

Answer:

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Explanation:

The sum which is repaid with interest is called amount.

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Answer 2

Answer:

The correct answer is the amount.

Explanation:

1. When we pay the sum with interest then it is called the amount.
2. The amount is given by the formula P(1+R/100) Here P means Principal, R means the rate of interest and T is time period.
3. Interest is defined as additional money that is repaid in addition to the original money taken or deposited.
4. Orginal money deposited or taken is called Principal.
5. The time for which interest is taken is called the time period of the interest.
6. The Amount is defined as the sum of original money plus the interest.