Question

Principal is __________.

A.
the fee that borrowers pay for temporary use of a lender’s money
B.
the initial amount of money invested
C.
the interest calculated based solely on the principal
D.
the interest calculated based on the principal as well as interest earned

Answer 1

its b

Explanation:

just trust me then comment if it was right or wrong its right but just so people can know

Answer 2

B. the initial amount of money invested

Explanation:

Principal is the money invested or the money that a lender lend the borrower. Such money is the basis on which the interest payable will be calculated after considering the numbers of years and installments.