Scenario: Jenny deposits $3,000 in a bank for a period of 1 year at an annual rate of interest of 10 percent.
-Refer to the scenario above.The principal in this case is ________.

Name: Scenario: Jenny deposits $3,000 in a bank for a period of 1 year at an annual rate of interest of 10 percent. -Refer to the scenario above.The principal in this case is ________.
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Question

Quizplus · Accepted Answer

The principal is the initial amount deposited in the bank, which in this case is $3,000.

Scenario: Jenny Deposits $3,000 in a Bank for a Period