Principal and Interest Quiz
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Questions and Answers

Interest is the amount paid for the use of money

False

Principal is not a factor in determining the total amount paid for a loan

False

Principal is the amount paid for the use of money

True

Interest is the amount borrowed or deposited in a bank

<p>False</p> Signup and view all the answers

Interest is the amount paid for the use of money

<p>True</p> Signup and view all the answers

Principal is the amount paid for the use of money

<p>False</p> Signup and view all the answers

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