Math, asked by deerkiller05, 7 months ago

After five years of earning interest at an annual rate of 4%, an investment has earned $1,200 in interest. Determine the amount of the initial investment.

Answers

Answered by arjunsing1104

2

Answer:

$7200 .........

Step-by-step explanation:

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Answered by seshathrijegasint

1

Answer:

I = P*r*t

1200 = P*0.04*5

P = 1200/(0.2)

P = 12000/2 = $6000

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