Answered

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The amount of money you borrow is known as which of the following?

A. Annuity
B. Principal
C. Interest rate
D. Adjustable rate

Sagot :

GinnyAnswer

Final answer:

The principal is the original amount of debt borrowed on which interest is calculated.


Explanation:

Principal (noun) is the original amount of debt on which interest is calculated. It represents the money borrowed or the outstanding balance of a loan. For example, if you borrow [tex]$1,000, then $[/tex]1,000 is the principal amount.


Learn more about Principal here:

https://brainly.com/question/30026819


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