is the principal amount of a 60-day, 12% note for $11,000?
A) $11,000
B) $ 220
C) $11,220
D) $10,780

Name: is the principal amount of a 60-day, 12% note for $11,000? A) $11,000 B) $ 220 C) $11,220 D) $10,780
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Quizplus · Accepted Answer

The principal amount refers to the original sum of money borrowed or invested, excluding any interest or profit. In this case, the principal amount is directly stated as $11,000.

Is the Principal Amount of a 60-Day, 12% Note for $11,000