Lead has a density of 11.36 grams per cubic centimeter. Iron has a density of 7.87 grams per cubic centimeter. A rectangular pri
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The total amount of the car loan, plus taxes and fees is called: A- Principal.
A principal can be defined as an amount of money that represents the total amount of loan on an asset, plus taxes and other fees applicable.
In Financial accounting, principal is commonly associated with compound interest or simple interest.
Mathematically, simple interest is given by the formula:
<u>Where:</u>
- S.I is the simple interest.
- P is the principal amount.
- R is the interest rate.
- T is the time measured in years.
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