What is principal in simple intrest

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asked May 13, 2021 36.3k views

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Matthieu Lucas · Answer 1 · 2021-05-18T01:06:06+0000

You have to pay extra money when you pay it back after you borrow it.So interest is: the amount of money you pay back on top of the original money you borrowed. The meaning of the word principal is: the original amount of money you borrowed.

What is principal in simple intrest

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What is principal in simple intrest