Question

When invested at an annual interest rate of 4.7%, an account earned $1,290.33 of simple
interest in 3 years. How much money was originally invested? If necessary, round to the
nearest cent.
O $82,361.49
O $9,151.28
O $20.22
O $91,512.77

Answer 1

Answer:

The answer is 82,361.49

Step-by-step explanation:

after simplifying the equation, the problem is 1290.33 divided by .27 times 3 - the quotient is 82,362.49 (in simplified form)

Answer 2

Answer:9,151.28

Step-by-step explanation:

I=Prt

1290.33=P(4.7)(3)

1290.33=P(.047)(3)

1290.33/.047 =P(.047/.047)(3)

27,453.83=P(3)

27,453.83/3=P(3/3)

9,151.28=P

P=9,151.28