How much principle must be deposited to earn $1000 simple interest in 2 years at a rate of 1.3%? Round to the nearest cent. (use the simple interest formula and solve for P) A:$35,405.21 B:$35,021.03 C:$38,

How much principle must be deposited to earn $1000 simple interest in 2 years at a rate of 1.3%? Round to the nearest cent. (use the simple interest formula and solve for P)

A:$35,405.21
B:$35,021.03
C:$38,461.54
D:$32,324.52

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How much principle must be deposited to earn $1000 simple interest in 2 years at a rate of 1.3%? Round to the nearest cent. (use the simple interest formula and solve for P) A:$…

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