The following information is known about a loan.
Time = 7 years
Interest rate = 6%
Interest = $840.00
What was the principal on the loan?
A. $200.00
B. $352.80
C. $1,862.50
D. $2,000.00
Answers
Answered by
4
Answer:
d. $2000
Step-by-step explanation:
2000x 6%x 7= 840
Similar questions