 The money for the use of which interest is paid is called the Principal, and the sum of the principal and interest is called the Amount.  Arithmetic by Grades - Page 151by William Krampner, William Edward Grady - 1921Full view - About this book
 | John Groesbeck - Arithmetic - 1867 - 226 pages
...80 = 2100. Ans. $2100. INTEREST. 54. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amount. 55. Legal Interest is the rate established by law. Usury is interest... | |
 | John Groesbeck - Arithmetic - 1868 - 350 pages
...license tax of $10? INTEREST. 144. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amount. 115. Legal Interest is the rate established by law. Usury is interest... | |
 | Emerson Elbridge White - Arithmetic - 1870 - 350 pages
...PRELIMINARY DEFINITIONS. 278. Interest is the premium paid for the use of money. 279. The Principal is the sum of money for the use of which interest is paid. 280. The Amount is the sum of the principal and interest. 281. The Kate of Interest is the number of... | |
 | Emerson Elbridge White - Arithmetic - 1873 - 260 pages
...VII. Simple Interest. Art. 148. Interest is the premium paid for the use of money. The Princijtal is the sum of money for the use of which interest is paid. The Amount is the sum of the principal and the interest. Art. 149. Simple Interest is interest on the... | |
 | John Groesbeck - Business mathematics - 1871 - 370 pages
...license tax of $10? . INTEREST. 144. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amo'unt. 145. Legal Interest is the rate established by law. Usury is interest... | |
 | John Groesbeck - 1872 - 374 pages
...license tax of $10? INTEREST. 144. Interest is compensation for the use of money or value. The sum for the use of which interest is paid is called the Principal; the sum of the Principal and Interest is called the Amount. 145. Legal Interest is the rate established by law. Usury is interest... | |
 | Emerson Elbridge White - Arithmetic - 1876 - 236 pages
...LESSON VII. Simple Interest. Art. 148. Interest is money paid for the use of money. The Principal is the sum of money for the use of which interest is paid. The Amount is the sum of the principal and the interest. Art. 149. Simple Interest is interest on the... | |
 | Emerson Elbridge White - Arithmetic - 1883 - 282 pages
...by Mr. Jones for the use of $100 for one year was the interest of $100 at 6 per cent. ART. 142. The money for the use of which interest is paid is called the principal. The $100 borrowed by Mr. Jones was the principal, for the use of which he paid $6 interest. 6. What is... | |
 | Emerson Elbridge White - Arithmetic - 1883 - 368 pages
...FORMULAS, AND RULES. ART. 259. Interest is compensation for the use of money. ART. 260. The Principal is the sum of money for the use of which interest is paid. ART. 261. The Amount is the sum of the principal and the interest. ART. 262. The Rate of Interest is... | |
 | Waite A. Schoemaker - Arithmetic - 1887 - 454 pages
...under which of the five processes, each comes. SIMPLE INTEREST. Interest is paid for the use of money. The sum of money for the use of which interest is paid is the Principal. Interest is reckoned as a percentage of the principal. A borrows $300 for 1 yr. at 10$.... | |
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