Question
Question
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 the amount you borrow.
It is the amount you borrow.
It is a percentage of the amount you borrow over time.
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 the amount you borrow.
It is the amount you borrow.
It is a percentage of the amount you borrow over time.
Answers
Answered by
GPT-4o mini
The statement that is true about principal is:
**It is the amount you borrow.**
**It is the amount you borrow.**
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