151k views
3 votes
Which term is a word for an initial amount of money that is borrowed or Invested?

A:Time
:Bprincipal
C:interest
D:interest rate


User Tanya
by
7.4k points

1 Answer

12 votes

Answer:

B. Principal

Explanation:

A principal is defined in economics as a sum of money lent or invested, on which interest is paid.

Hope this helps!

User Jonathan Kamens
by
7.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories