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Question Practice

What do we call the total amount that borrowers have to repay, including the initial loan and interest?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

What do we call the total amou...

Single Answer MCQ
Q-00131328

What do we call the total amount that borrowers have to repay, including the initial loan and interest?

1

Net profit

2

Principal amount

3

Total loan amount

4

Balance sheet

Previous QuestionNext Question
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