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Hannah earned $1536 in 8 years on an investment at a 4% annual simple interest rate. How much was Hannah’s investment?
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3 votes
Hannah earned $1536 in 8 years on an investment at a 4% annual simple interest rate. How much was Hannah’s investment?

User Intl
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2 Answers

5 votes
1536 divided by 1.04^8 = 1122.34
User Seorphates
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6.4k points
7 votes

$491.52 is the answer


User Katalina
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