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.$2,448.02b.$8,344.10c.$14,200.39d.$20,096.67

Question

Revolt · Accepted Answer

C

Simple Interest

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.$2,448.02b.$8,344.10c.$14,200.39d.$20,096.67

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