what is principal,interest,te and rate of interest
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These are the properties used in percentage.
Principal means the amount of money taken.
Interest is the certain amount of money charged by the lender to the borrower on the basis of time it may be weekly monthly or yearly.
Time is the certain leriod for which the lender will charge the interest to the borrower.
There is no need to tell about rate of interest because it defines ut self clearly.
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Principal means the amount of money taken.
Interest is the certain amount of money charged by the lender to the borrower on the basis of time it may be weekly monthly or yearly.
Time is the certain leriod for which the lender will charge the interest to the borrower.
There is no need to tell about rate of interest because it defines ut self clearly.
HOPE IT HELPS: )
_______________________
PLEASE MARK ME THE BRAINLIEST!
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