The true statement about principal is: It is the amount you borrow.
In finance, the principal refers to the original sum of money borrowed or invested, before interest.
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 the amount you borrow. It is 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 a simple way to compare all the various elements of different loans.
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