is the amount that savings or investments grows called a principal

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03-12-2020
Mathematics

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is the amount that savings or investments grows called a principal

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Thawkins000 Thawkins000 · Answer 1 · 2020-12-03T02:27:01+01:00

Thawkins000 Thawkins000

03-12-2020

Principal is also the original amount of investment made in an asset, separate from any earnings or interest accrued. For example, assume you deposit $5,000 in an interest-bearing savings account. At the end of 10 years, your account balance will have grown to $6,500.

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