Question

Principal value is

• A. the maximum balance from 10th of a month to the last date of the month.
• B. the minimum balance from 10th of a month to the last date of the month.
• C. the maximum balance from 1st of a month to the last date of the month.
• D. the minimum balance from 1st of a month to the last date of the month.

Answer 1

The correct option is B the minimum balance from 10th of a month to the last date of the month.

Principal value is taken as the minimum balance from 10th of a month to the last date of the month.