The principal amount that must be deposited as a lump sum amount is = $16,666.7
<h3>Calculation of principal amount</h3>
The simple interest amount = $20,000
The interest rate = 12%
The time that is given= 10 years
Therefore the principle amount =?
Using the simple interest formula;
SI= P×T×R/100
Make P the subject of formula,
P = SI ×100/T×R
P= 20,000×100/10×12
P= 2,000,000/120
P= $16,666.7
Learn more about simple interest here:
brainly.com/question/20690803
#SPJ1
Answer:
B ignore bottom
Step-by-step explanation:
Your answer should be written in paragraph/essay format.
Any sources used should be cited at the bottom of your paper.
All answers should show you have learned something from Unit 9. Material from other units will not be graded for this assignment.
If you are stuck, you can think about the following topics: textile mills, interchangeable parts, the Lowell System, unions, labor reform, steamboats, railroads, coal, the telegraph, and/or new inventions.
So the right answer is (7,-2)
Look at the attached picture
Hope it will help you
Good luck on your assignment
