Answer :
Answer:
the principal balance at the beginning of June is $22,222.22
Step-by-step explanation:
The computation of the principal balance at the beginning of June is shown below:
Principal balance = Interest paid ÷ (Interest Rate ÷ 12 Months)
= $250 ÷ (13.5% ÷ 12)
= $22,222.22
Hence, the principal balance at the beginning of June is $22,222.22