contestada

the interest on an investment is $125.08. if the principal was invested at 6% for years, what was the principal? A) $22.51 B) $6.95 C) $2,084.67 D) $694.84

Respuesta :

Answer:

Option C is correct.

Step-by-step explanation:

Interest = $ 125.08

Rate = 6 %

We know that interest is given by

[tex]S.I. = \frac{P R T}{100}[/tex]

[tex]125.08 = \frac{P (6)(1)}{100}[/tex]

P = $ 2084.67

This is the value of interest. Thus option C is correct.

Otras preguntas