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Katie earned $480 in 8 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment? $1000 $2500 $4500 $9000

Katie earned $480 in 8 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment? $1000 $2500 $4500 $9000
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4 votes
Katie earned $480 in 8 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment?

$1000

$2500

$4500

$9000

User Harry Joy
by
7.8k points

2 Answers

0 votes
I believe the answer is A) $1000
User Andrei Erdoss
by
8.5k points
2 votes
The answer is A. 1000
User Rystsov
by
8.0k points
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