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You made $9600 in simple interest over 4 years at 8%. How much did you initially put in?

You made $9600 in simple interest over 4 years at 8%. How much did you initially put in?
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You made $9600 in simple interest over 4 years at 8%. How much did you initially put in?

User Antwon
by
7.9k points

2 Answers

4 votes
the correct answer 30,000
User Henser
by
8.7k points
7 votes

Answer:

30000

Explanation:

P = 9600x100/4x8

P = 960000/32

P = 30,000

User Whatf
by
8.3k points
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