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6 April, 06:22

Which statement best defines the term principa?

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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  1. 6 April, 08:03
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    c. It is the original amount of money the bank loans the borrower

    Step-by-step explanation:

    Simple interest is a type of interest that is applied to the amount borrowed or invested for the entire duration of the loan. Principal amount is a term for initial amount of money borrowed from the bank by the borrower
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