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The amount borrowed on which interest is charged is the:

APrivilege
BPrincipal
CProvision
DPremium
Answer & Solution
Correct answer: B. Principal
1. Interest is typically based on it. 2. It is the sum handed over at the start. 3. It is the principal. _Source: OpenStax 'Contemporary Mathematics', Ch 6 'Money Management' (CC BY)_
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