Interest paid on a loan is calculated as a percentage of the

principal.
amount owed.
compounded principal.
collateral.

Question

OffBrandS OffBrandS

10-05-2017
Business

contestada

Interest paid on a loan is calculated as a percentage of the

principal.
amount owed.
compounded principal.
collateral.

Respuesta :

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andriansp andriansp · Answer 1 · 2017-05-19T06:27:35+02:00

The interest paid on a loan is calculated as a percentage of the principal amount. A loan component consists of the principal amount, the interest rate, and the tenor of the loan. The principal amount is the amount received by a debtor when he/she made the loan agreement with a creditor. The interest paid by the debtor is the creditor's profit from giving the loan which calculated as a percentage of the principal amount given.

Martebi Martebi · Answer 2 · 2022-01-21T13:58:14+01:00

There are different ways to pay interest. Interest paid on a loan is calculated as a percentage of the principal.

What is Interest?

This is known as a calculated percentage of a loan/deposit balance, that is said to be paid to the lender/individual in an installment form.

Principal is simply known as the amount of the loan or investment taken by a person. Interest is said to be calculated as a percentage of the principal for a specific period of time.

Learn more about Principal from

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Interest paid on a loan is calculated as a percentage of the principal. amount owed. compounded principal. collateral.

Respuesta :

Otras preguntas

Interest paid on a loan is calculated as a percentage of the

principal.
amount owed.
compounded principal.
collateral.