Question

PLEASE HELP ASAP WILL GIVE BRAINLEIST!!
If Amerie earn $120 in interest in 5 years on money that was invested at 6%, find the original principal.

Answer 1

Answer:

Original principal = 400

Step-by-step explanation:

Given:

Interest amount = $120

Rate = 6%

Time = 5 years

Find:

Original principal

Computation:

Interest amount = Original principal x Rate x Time

120 = Original principal x 6% x 5

Original principal = 400