Given Interest of $11,900 at 6% for 50 Days (Ordinary

question 5

Multiple Choice

Given interest of $11,900 at 6% for 50 days (ordinary interest) , one can calculate the principal as:

• A) $1,428,005.70
• B) $4,128,005.70
• C) $1,428,05.70
• D) $1,420.70
• E) None of these