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

question 93

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)$1,428,000.00
• D)$1,420.70
• E)None of these