Question

Atte Duncan earned $22 in interest. If his investment paid 2. 5% and he invested his money for 6 months, how much money did he originally invest?

a) 1760
b) 33
c) 275
d) 146. 66​

Answer 1

The answer is 1760

Explanation:

I=Prt

P=??

I=22

r=2.5%

t=6 months which is half a year

22=P×2.5%×1/2

22=0.0125P

P=1760