Use the formula B = P + Prt, which is used to calculate the balance in an account if simple interest is added to a principal P at an interest rate of r for t years.Suppose that an account earns 5.3% interest and after two years the balance is $7,178.00. Find the principal that was invested.

A. $8,029.08
B. $5,841.05
C. $7,788.06
D. $6,490.05


Answer: D

Mathematics

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