Answer:
$1250
Step-by-step explanation:
Use the formula i = prt
First, converting R percent to r a decimal
r = R/100 = 4%/100 = 0.04 per year,
then, solving our equation
P = 400 / ( 0.04 × 8 ) = 1250
P = $ 1,250.00
The principal required to
accumulate interest of $ 400.00
on a rate of 4% per year for 8 years is $ 1,250.00.
Brainliest Please!
