Answer:

GIVEN:

• Rate = 2% or 0.02
• Time(in yrs) = 6 months (6/12= 0.50 yrs)
• Interest = 400

ASKED: Principal Amount

FORMULA: I= prt

SOLUTION:

400=P(0.02)(0.50)

400= P(0.01)

400= P(0.01)

-----------------

0.01= 0.01

(divide both side with 0.01)

P= 40,000

Final Answer:

B. 40,000.00

Step-by-step explanation:

hope it helps

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