Answered

Discover how IDNLearn.com can help you learn and grow with its extensive Q&A platform. Find the information you need quickly and easily with our comprehensive and accurate Q&A platform.

You charged $500 to your credit card to buy a new TV and paid it off after
6 months. With interest, you paid back a total of $600. Which of the
following is the principal in this situation?
$500.
6 months.
$100.
D
$600.

Sagot :

Seansgirl1013idn

Answer:

$500

Explanation:

Ogorwyneidn

Given this question that we have here, the principal is the initial $500 that was charged to the credit card.

In the field of accounting, the principal amount can be described as the initial amount that was given off as a loan. That is without the addition of the interest amount.

It is the initial size of a loan. The answer here is $500 because that is the amount that was charged at first to the card. The payback amount only got to $600 because of the addition of the interest amount.

Read more on https://brainly.com/question/2284670?referrer=searchResults

Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.