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
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.
Answer from: Quest
828. all there is to it!
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Students are getting signatures for a petition to increase sports activities at the community center. the number of signatures they get each day is 3 times as many as the day before. the expression 3^6 represents the number of signatures they got on the sixth day. how many signatures did they get on the first day?