Which of the following best describes the term "principal" in interest calculations?
مندرجہ ذیل میں سے کون سود کے حساب میں اصطلاح "پرنسپل" کی بہترین وضاحت کرتا ہے؟
Answer: The original sum of money invested or borrowed
Explanation
The principal is the initial amount of money borrowed or invested.
It serves as the basis for calculating interest.
It is the original amount before any interest is earned or paid.
This question appeared in
Past Papers (2 times)
OG iii Officer Grade III Past Papers (1 times)
ZTBL OG III Past Papers and Syllabus (1 times)
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