Math Definitions - Letter P
Chapters
Principal
Definition of Principal
The principal is the amount you initially invest (or borrow), not including any interest, dividends or bonuses.
For example, if Sam originally takes out a loan of \(\$2,000\) from the bank, the principal is \(\$2,000\).
He needs to repay the bank the principal, plus any interest.
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter P
Author: Subject Coach
Added on: 6th Feb 2018
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