DarkAngle1 DarkAngle1

23-11-2016
Mathematics

Answered

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

show your work

Verified Answer :

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

03-12-2018

The answer is $174.96

Answer Link

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