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

Katie earned $1890 in 7 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment?
asked 49.9k views
4 votes
Katie earned $1890 in 7 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment?

asked
User Cold
by
8.2k points

2 Answers

7 votes
I=prt,,1890=0.06*7 p,,p=4500
answered
User Lakia
by
8.0k points
3 votes

(1890)/(7) = 270



(100)/(6) = $4500

Your answer is $4500

Hope it helped


answered
User Taystack
by
7.9k points
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