6. A person invested a sum of money for 3 years at
6% simple interest
. At the end of the three years, .
the amount

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​

1 thought on “6. A person invested a sum of money for 3 years at<br />6% simple interest<br />. At the end of the three years, .<br />the amount”

  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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