Ask Question
3 June, 13:54

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

+3
Answers (1)
  1. 3 June, 14:22
    0
    5400.

    I = Prt

    972 = P (0.03) (6)

    972 = P (0.18)

    P = 972 / (0.18)

    P = 5400
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers