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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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