The following information is known about a loan. Time = 7 years
Interest rate = 6%
Interest = $840.00

What was the principal on the loan?

principal of the loan is $2000

Step-by-step explanation:

use formula of simple interest i.e. S.I. = (P×R×T)/100

Here, S.I. is Simple Interest

P is Principal

R is Rate of Interest

T is Time

f . i can go whenever i feel like it bc it is confidential meaning only i would know how much i deposited besides the bank and they wouldnt care bc when you make a deposit you are using their services which means they are using there competition and gaining more customers

and if they dont well then thats less customers for them in a less profitable way

plz mark brainliest