Economy, asked by HarshaNahata, 11 months ago

What is Interest , Principle ,Credit , Amount​

Answers

Answered by yenula
2

Answer:

In a Nutshell. When you take out a loan, your payments are primarily broken up into two parts — principal and interest. The loan principal is the amount you borrow and goes down as you begin to pay it back, while interest is the cost of borrowing the money.

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