Question

Interest paid on a loan is calculated as a percentage of the

principal.
amount owed.
compounded principal.
collateral.

Answer 1

do u know this isry??

Answer 2

can u help me isry please

Answer 3

What do you know about loans?

Answer 4

that u hav to have good credit so the people lending the money can rely on you giving the money back

Answer 5

i think its principal

Answer 6

am i right

Answer 7

It is normally calculated based on principal yes. It depends on the type of loan, but I would say for this question principal is the best answer. Good Job!

Answer 8

That is correct

Answer 9

thank you can you friend me so i dont have to create a whole question so we can just message

Answer 10

I'd appreciate if you'd make a question so other people can see the information and possibly learn from it as well.

Answer 11

oh ok but i still wanna be friends

Answer 12

Yeah not a problem happy to fan you back.

Answer 13

ok thanks