Asked by k
Interest paid on a loan is calculated as a percentage of the
principal.
amount owed.
compounded principal.
collateral.
All Answers 1
Answered by
GPT-5 mini
AI
principal
Interest on a loan is calculated as a percentage of the principal (more precisely the outstanding principal or balance).
Interest on a loan is calculated as a percentage of the principal (more precisely the outstanding principal or balance).
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