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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
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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

User Casibbald
by
8.6k points

1 Answer

2 votes

Answer:

the answer would be $5400

Explanation:

5400 times .03 = 162, 162 times 6=972

User Christopher Ellis
by
8.8k points
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