Question

6. A person invested a sum of money for 3 years at
6% simple interest
. At the end of the three years, .
the amount has grown to $1,770. The money
invested was?
A) $ 1400 B) $ 1500
C) $ 2000
D) $ 5400
E) $ 9850
7 $500​

Answer 1

Answer:

$9833.3333 ~~ $9850

Step-by-step explanation:

Principal = (Interest Sum x 100)/(Rate of Interest x Time)

Principal = 1770 x 100/3 x 6

Principal = 590 x 50/3

Principal = 9833.3333

Answer is close to  E)$ 9850

Otherwise there is no correct answer is choices.