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What principal is needed so that the interest will be $96 if it is invested at 3% per annum for 5years a.$600 b.$650 c.$640 d.$620

What principal is needed so that the interest will be $96 if it is invested at 3% per annum for 5years a.$600 b.$650 c.$640 d.$620
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What principal is needed so that the interest will be $96 if it is invested at 3% per annum for 5years

a.$600
b.$650
c.$640
d.$620

User Albert Godfrind
by
8.2k points

1 Answer

1 vote
I Think it is C 640$
User Killercowuk
by
7.9k points
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