If the accumulated amount is $3,630 at the end of 3 years and the simple rate of interest is 7%/year, what is the principal?
A) The principal is $2,500.
B) The principal is $3,990.
C) The principal is $3,000.
D) The principal is $3,200.

Name: If the accumulated amount is $3,630 at the end of 3 years and the simple rate of interest is 7%/year, what is the principal? A) The principal is $2,500. B) The principal is $3,990. C) The principal is $3,000. D) The principal is $3,200.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

If the accumulated amount is $3,630 at the end of 3 years and the simple rate of interest is 7%/year, what is the principal? ​
A) The principal is $2,500.
B) The principal is $3,990.
C) The principal is $3,000.
D) The principal is $3,200.

Quizplus · Accepted Answer

The Answer is C

If the Accumulated Amount Is $3,630 at the End of 3