The difference between the amount received from a note payable and the amount repaid is:
A) Premium.
B) Interest.
C) Face value.
D) Discount.
E) Principal.

Name: The difference between the amount received from a note payable and the amount repaid is: A) Premium. B) Interest. C) Face value. D) Discount. E) Principal.
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Question

Quizplus · Accepted Answer

The difference between the amount received from a note payable and the amount repaid is the interest, which is the cost of borrowing the money.

The Difference Between the Amount Received from a Note Payable