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The amount borrowed from someone is called principle.

interest-when a person lends money for 1 or more years the total amount he receives by the end of the year.

rate-the percent the one who lends money fixes and which we give as the original sum and interest.

amount-the total of interest and original sum,principle,which a person gives to the other person he did borrow.

Amount=Principal*Rate*Time/100..................(only this much)