Answer:
Deposite money = principle
earn profit=interest
bank use of deposite money to make loan.
Step-by-step explanation:
Phil deposite money in the bank is called principle . Principle money is that money which is deposite by Phil in the bank .
Now earn money is that money which obtain profit on the deposite money is called Interest .
the bank uses this money which is deposite by Phil to make loans like as home loans , study loans etc.
