shannonjohn222
shannonjohn222 shannonjohn222
  • 08-12-2016
  • Mathematics
contestada

Katie earned $1890 in 7 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 08-12-2016
I=prt,,1890=0.06*7 p,,p=4500
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Steel42
Steel42 Steel42
  • 08-12-2016
[tex] \frac{1890}{7} [/tex] = 270
 

[tex] \frac{100}{6} [/tex] = $4500

Your answer is $4500

Hope it helped


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