alleryStart learning →The money a customer puts into the bank is called the:
APercentage
BPrincipal
CPrinciple
DPineapple
Answer & Solution
Correct answer: B. Principal
1. Two different sums are involved in any interest problem.
2. One is what the customer puts in, the other is what the bank pays.
3. The money a customer puts in the bank is called the principal.
4. The money the bank pays the customer is the interest.
_Source: OpenStax Elementary Algebra 2e (CC BY 4.0), Ch 3 'Math Models', sections 3.1-3.5_
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