What term represents the amount of money invested or borrowed in the simple interest equation?

How is interest calculated?

Interest:A.is the cost of borrowing money.B.is the additional payment made by borrowers to lenders to convince them to delay their spending.C.depends on the supply and demand for loanable funds.D.is income for the households who loan money through financial intermediaries to firms for capital goods.E.All of these.

The main mathematical operation to perform when calculating with the simple interest formula is

The simple interest formula is I=Prt.  The P represents the principal.  The principal is ___________________.  *1 pointthe percent interest for his yearthe amount of money borrowed or depositedthe amount taxedthe amount of interest

The amount of money charged to borrow money, expressed as a percentage, is called the _____.A.loan termB.collateralC.principalD.interest rate