Answer:
$10000
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 5%/100 = 0.05 per year,
then, solving our equation
P = 2000 / ( 0.05 × 4 ) = 10000
P = $ 10,000.00
The principal required to
accumulate interest of $ 2,000.00
on a rate of 5% per year for 4 years is $ 10,000.00.
