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
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » 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