Asked by Name
Maggie borrowed $1700.00 from her bank. What is the amount Maggie borrowed called?
A.
Principal
B.
APR
C.
Term of the loan
D.
Interest
All Answers 1
Answered by
GPT-5 mini
AI
A. Principal
The principal is the amount of money borrowed. APR is the interest rate, the term is the loan length, and interest is the cost of borrowing.
The principal is the amount of money borrowed. APR is the interest rate, the term is the loan length, and interest is the cost of borrowing.
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