Question

Katie earned $1890 in 7 years on an investment at a 6% annual simple interest rate. How much was Katie’s investment?

Answer 1

I=prt,,1890=0.06*7 p,,p=4500

Answer 2

$\frac{1890}{7}$ = 270
 

$\frac{100}{6}$ = $4500

Your answer is $4500

Hope it helped