Which statement is true about principal?(1 point) Responses It is a simple way to compare all the various elements of different loans. It is a simple way to compare all the various elements of different loans. It is everything you pay in addition to repaying the amount you borrow. It is everything you pay in addition to repaying the amount you borrow. It is a percentage of the amount you borrow over time. It is a percentage of the amount you borrow over time. It is the amount you borrow.