skylerkoltan420 skylerkoltan420

05-03-2018
Mathematics

contestada

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

Respuesta :

vunderkid vunderkid

09-03-2018

C.
$38,461.54 must be deposited to earn $1000 in 2 years.

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