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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 ​
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4 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

​

User Per Ersson
by
8.2k points

1 Answer

2 votes
The answer is $4,000 luv.
User Tavares
by
7.7k points
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