Question

What do you know about principal ?
What do you know about amount​

Answer 1

Answer:

1) The total amount of money borrowed (or invested), not including any interest or dividends. Example: Alex borrows $1,000 from the bank.

2) The total money paid back after the given time is called the amount. Time for which money is borrowed is called the time period. ... Day on which money is borrowed is not counted but the day which the money is returned is counted.

Answer 2

Answer:

In the context of borrowing, principal is the initial size of a loan; it can also be the amount still owed on a loan. ... For instance, if your loan has a principal amount of $10,000 and an annual interest rate of 5%, you will have to pay $500 in interest for every year the loan is outstanding

the sum total of two or more quantities or sums; aggregate. the sum of the principal and interest of a loan. quantity; measure: a great amount of resistance. the full effect, value, or significance.

I m not confirm ...about my answer .....

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