kincaidAlana kincaidAlana

10-01-2020
Mathematics

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30
Select the correct answer.
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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kjbadgwell kjbadgwell

10-01-2020

Answer:

The answer here is C.

Step-by-step explanation:

Principal, in economic terms, most commonly means the original sum of money that a bank loans someone.

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