Use the compound interest table to solve the following problem.
-Identify the principal in the following percent problem. $\$ 7000$ deposited at a $5 \%$ interest rate earns $\$ 1400$ over 4 years.
A) 7000
B) 5
C) 1400
D) 4

Question

Quizplus · Accepted Answer

The principal is the initial amount of money deposited, which in this case is $7000.

Use the Compound Interest Table to Solve the Following Problem $7000\$ 7000$7000

Use the Compound Interest Table to Solve the Following Problem $\$ 7000$