shannonjohn222 shannonjohn222

08-12-2016
Mathematics

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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?

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Aliwohaish12 Aliwohaish12

08-12-2016

I=prt,,1890=0.06*7 p,,p=4500

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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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