Examlex
The performance formula is performance = _________________________________________.
Interest Components
The different parts that make up the total interest calculation, including the principal amount, interest rate, and time period.
Principal
The original sum of money borrowed in a loan or the initial amount of investment, not including interest or profits.
Simple Interest
Interest assessed only on the base amount, or on whatever portion of the base amount has not been settled.
Interest
Payment made for the use of borrowed money, calculated as a percentage of the principal sum.
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