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Gnoma [55]
4 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]4 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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3 years ago
A base angle of an isosceles triangle measures 30, and the length of one of the legs is 12. What is the length of the altitude d
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Step-by-step explanation:

From the question, a base angle of isosceles triangle is 30°.We are also informed that one of the legs is 12. The altitude is opposite to the angle having a measure of 30°. The hypoteneous in the right angled triangle which is formed by drawing the altitude is 12. This will be calculated as:

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