DarkAngle1
DarkAngle1 DarkAngle1
  • 23-11-2016
  • Mathematics
contestada

Jack earned $972 in 6 years on an investment at a 3% annual simple interest rate. How much was Jack’s investment?



$174.96

$486

$1944

$5400
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ItsUmbreon
ItsUmbreon ItsUmbreon
  • 23-11-2016
5400.

I = Prt
972 = P(0.03)(6)
972 = P(0.18)

P = 972/(0.18)

P = 5400
Answer Link
hermosadominicana
hermosadominicana hermosadominicana
  • 03-12-2018

The answer is $174.96


Answer Link

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