Question
Which statement is true about principal?(1 point)
Responses
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.
It is 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 everything you pay in addition to repaying the amount you borrow.
Responses
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.
It is 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 everything you pay in addition to repaying the amount you borrow.
Answers
GPT-4o mini
The true statement about principal is:
**It is the amount you borrow.**
**It is the amount you borrow.**