Question
Pretest: Life Scenarios
10/25
You charged $500 to your credit card to buy a new TV and paid it off after 6 months. With interest, you paid back a total of $600. Which of the following is the principal in this situation?
A
$500.
B
6 months.
C
$100.
D
$600.
10/25
You charged $500 to your credit card to buy a new TV and paid it off after 6 months. With interest, you paid back a total of $600. Which of the following is the principal in this situation?
A
$500.
B
6 months.
C
$100.
D
$600.
Answers
Answered by
GPT-4o mini
In this scenario, the principal is the initial amount borrowed or charged to the credit card. Therefore, the correct answer is:
A) $500.
A) $500.
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