Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest... Answer Revealed
Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest From This Account Over Six Years. How Much Money Should Abigail Invest in This Account to Meet This Goal? the correct answer is $14,200.39.
by Niranjani
Updated Oct 20, 2023
Advertisement
Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest From This Account Over Six Years. How Much Money Should Abigail Invest in This Account to Meet This Goal?
A. $14,200.39
B. $20,096.67
C. $2,448.02
D. $8,344.10
The correct answer is $14,200.39.
TRENDING
Disclaimer: The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.
Abigail Has an Account That Pays 6.92% Simple Interest Per Year - FAQ
1. Abigail Has an Account That Pays 6.92% Simple Interest Per Year and Wants to Accumulate $5,896 in Interest From This Account Over Six Years. How Much Money Should Abigail Invest in This Account to Meet This Goal?
The answer is $14,200.39.
Advertisement