Domikagravideniams Domikagravideniams

16-08-2016
Business

contestada

Which statement best defines the term principal?
A. It is an arrangement in which you buy now and pay later.
B. It is the annual rate of interest a bank charges for a loan.
C. It is the original amount of money the bank loans the borrower.

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lovelyn26 lovelyn26

16-08-2016

C is the answer......

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metchelle metchelle

19-08-2016

The correct answer for the given question above would be option C. The statement that best defines the term principal is the original amount of money the bank loans the borrower. It is the total amount of money borrowed, which is separate from the interest.

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