How much principal must be deposited to earn $400 simple interest in 2 years at a rate of 5%? $40 $5,000 $8,000 $4,000

asked Oct 27, 2022 88.4k views

5 votes

How much principal must be deposited to earn $400 simple interest in 2 years at a rate of 5%?

$40

$5,000

$8,000

$4,000

6.3k points

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0 votes

Answer:

$8,000 is the correct

Explanation:

is right

Tany answered Nov 2, 2022

by Tany

5.6k points

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