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Gnoma [55]
3 years ago
6

Select the correct answer. Which statement best defines the term principal? 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.
Mathematics
1 answer:
Hatshy [7]3 years ago
4 0

Answer:

<u>The correct answer is C.  It is the original amount of money the bank loans the borrower.</u>

Step-by-step explanation:

Let's recall that are five basic elements for calculating the payment of a loan:

1. The principal. How much money you borrow.

2. The interest rate. How much money you will pay in addition to the principal.

3. The period of time. How long will it takes you to pay the loan.

4. The frequency of payment. Will you pay every month?, every quarter?, every year or maybe every two weeks?

5. Additional payments. When you have additional income seasonally and you want to lower either the period of time or the interests to pay.

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kirza4 [7]
A*2 + b* = c*2

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7 0
3 years ago
Read 2 more answers
What is the relationship between the value of the digit 3 in 4,231 and in the value of the digit 3 in the number 3,421?
Marina CMI [18]

Answer:

A.

In 4231, the value of the digit 3 is 110 less than the value of the digit 3 in 3421.

Step-by-step explanation:

We can see that the value of 3 In 4231 is in ten while the value of 3 in 3421 is in thousands.

So to get the actual division factor, let's take 3300 and divide it by 30,

3300/30 = 110

So it's clear already, that the value of 3 in 4231 is 110 times less to the value in 3421

4 0
2 years ago
Help!!! this is due tomorrow!!!!!
SpyIntel [72]
It’s b
I think…………………………………………..
8 0
2 years ago
The product of a number and 9, increased by 4, is 58. Find the number.
diamong [38]
9x + 4 = 58
9x = 54
x = 6

The number is 6.
4 0
3 years ago
HELP!!! NO CLUE WHAT TO DO HERE!!!
Mariulka [41]

Answer:

7.7

Step-by-step explanation:

square root 59 and it's 7.681, round to tenth to get 7.7

8 0
2 years ago
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