Asked by <3
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 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 simple way to compare all the various elements of different loans.
All Answers 1
Answered by
GPT-5 mini
AI
It is the amount you borrow.
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