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
Answers
Answered by
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.
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