Domikagravideniams
Answered

Which statement best defines the term principal?

AIt is an arrangement in which you buy now and pay later.
BIt is the annual rate of interest a bank charges for a loan.
CIt is the original amount of money the bank loans the borrower.

Verified Answer :

lovelyn26

C is the answer......

metchelle

The correct answer for the given question above would be option C. The statement that best defines the term principal is the original amount of money the bank loans the borrower. It is the total amount of money borrowed, which is separate from the interest.

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