when invested at an annual interest rate of 6% an account earned $180.00 of simple interest in one year. how much money was originally invested in account?

Question

21-10-2022
Business

contestada

when invested at an annual interest rate of 6% an account earned $180.00 of simple interest in one year. how much money was originally invested in account?

Respuesta :

Otras preguntas

The Smith Family is designing new plans for an in ground pool. Mr. Smith draws a rectangular shape with a length that is 5 feet longer than the height. A.) Wri

Which of the following is NOT an element of Romantic painting? (1 point) minimalism mood color perspective

The development of solar panels for home installation has improved due to technological advances and subsidies. these factors shift the supply curve to the ____

What is the tone of this passage from Andrew Jackson's message to Congress "On Indian Removal"? "It gives me pleasure to announce to Congress that the benevol

This constitutional Amendment directly led to the first African American elected to the U.S. Senate a. 13th amendment c. 15th amendment b. 14th amendment d. 16t

True or False: These three supporting details would be a great way to build and effective argument for the claim, "Driving while using a cell phone should be i

What is the volume of the pyramid? https://static.k12.com/eli/bb/1458/3_84696/2_59509_5_84702/7a4a0ad2c3db47a5bb13d74edb27ae71bb21609c/media/8ee1c253d3ddab3c

Which source helped industry and farming develop in Europe?

A bag contains 6 red marbles, 3 blue marbles, and 7 green marbles. You choose one then a second without replacement. What is the probability that you draw 2 gre

which sentences below indicate that Arnold’s company is a monopoly? A.Arnold started a software company that offers a new kind of technology for secure transact

shardiksh890 shardiksh890 · Answer 1 · 2022-10-25T12:21:50+02:00

$3,000 was originally invested in account when invested at an annual interest rate of 6% an account earned $180.00 of simple interest in one year.

Interest paid by bank = 6%

Principle (invested) is unknown

Rate changed to decimal= 0.06

Time is 1 year

simple interest formula-

I = PRT

180= P *0.06*1

180/.06 = .06P/ .06

3,000 = P

$3,000 was originally invested in account.

Learn more on simple interest-

https://brainly.com/question/25845758

#SPJ4