Question

What is principal and interest?​

Answer 1

Step-by-step explanation:

$\large\implies{\sf }$ The money borrowed is called the principal or the sum.

$\large\implies{\sf</strong><strong>}$ The additional money paid by the borrower is called the amount.

Answer 2

$\bold {\pink{\green {\sf\underline{Step\:by\:step\:explanation:-{\boxed {}}}}}}$

$\bold{Principal}$▶ The amount borrowed is called the principal.

$\bold{Interest}$▶ The interest is expressed as a percentage rate of the principal for a given time interval.