Identify which amount is the original amount of money, the amount before any interest is applied?

Interest

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rate

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Principle

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Amount

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Principle
$Principal$ amount is the original amount of money, the amount before any interest is applied.
Principal is a term that has several financial meanings. The most commonly used refers to the original sum of money borrowed in a loan, or put into an investment. Similar to the former, it can also refer to the face value of a bond.
The amount borrowed, or the part of the amount borrowed which remains unpaid (excluding interest). here also called principal amount.

Suggest Corrections

Similar questions

Q. A sum of money at simple interest amount to Rs.

9440

3

years. if the rate of interest is increased by

25 %

the same sum amounts to Rs

9800

in the same time . The original rate of interest is

Meena has some amount of money. She gets Rs.150 from her father which makes the amount four times the original amount with her. How much money does Meena have now?

The simple interest on a certain sum of money at 8% for 5 years is Rs 100. Find the original amount?

Q. Determine the rate of interest at which a sum of money will become

\frac{216}{125}

times the original amount in

1 \frac{1}{2}

years, if the interest is compounded half-yearly.

Q. Mohan lent some amount of money at

9 %

simple interest and an equal amount of money at

10 %

simple interest each for

2

years. If his total interest was Rs.

760

, what amount was lent in each case?

Join BYJU'S Learning Program