Ask Question
15 May, 05:02

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

+5
Answers (1)
  1. 15 May, 05:49
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers