Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. The amount of money Juanita borrowed is called the

Question

asked Feb 25, 2020 199k views

2 Answers

Damith Ganegoda · Answer 1 · 2020-02-29T02:36:53+0000

Answer:

Principal amount

Explanation:

Juanita borrowed $600 to purchase a new computer.

She was charged 7% interest for two years.

The amount that is borrowed from someone and paid with interest after a time period is called Principal amount.