The difference between the amount received from issuing a note payable and the amount repaid is referred to as:
A)Interest
B)Principle
C)Face value
D)Cash
E)Accounts payable

Question

Quizplus · Accepted Answer

The difference between the amount received from issuing a note payable (i.e. face value) and the amount repaid includes the interest paid on the loan. Therefore, the correct answer is A) Interest.

The Difference Between the Amount Received from Issuing a Note