identify the principal in the following percent problem: $7000 deposited at a 5% interest rate earns $1400 ove

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identify the principal in the following percent problem: $7000 deposited at a 5% interest rate $1400 over 4 years?

2006-11-16 14:56:56 · 3 answers · asked by ls1boi 1 in Business & Finance ➔ Credit

The principal is the $7000.
It will earn $350 per year

2006-11-16 15:02:42 · answer #1 · answered by ignoramus 7 · 0⤊ 0⤋

Principal = $7000

2016-05-21 21:55:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋

7000 is the principal,
5% is interest rate
1400 is interest earned.

2006-11-16 15:02:06 · answer #3 · answered by musa 3 · 0⤊ 0⤋