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3. Look at Janet's repayment on 2/1/2021.
a. How do the interest and principal compare to what she paid in the previous
month?
b. Explain why this happened.

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When the interest and principal are compared, one will see that:

  • Interest is less.
  • Principal is more.

Why is the interest less?

As a result of the last payment, the amount left to be paid reduced. The interest is based on this reduced amount so will be less.

Why is principal more?

The same amount of money is being paid each period. If the interest becomes less as it did, the amount going towards the principal will become more.

Find out more about interest repayments at https://brainly.com/question/2960821.

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