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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
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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

User Shagglez
by
8.0k points

1 Answer

7 votes

Hello!

The answer is A) 1000 I just took the test.

I hope it helps!

User Vitr
by
8.2k points
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