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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 ​

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 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

​

asked
User Varad Mondkar
by
8.5k points

1 Answer

0 votes

Answer:

$8,000 is the correct

Explanation:

is right

answered
User Tany
by
7.8k points
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