Which statement is true about principal?(1 point) Responses 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 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 the amount you borrow. It is the amount you borrow. It is a percentage of the amount you borrow over time.