Trevor has an investment worth $6,774.50. He made his only deposit in it 22 years ago. Given that the investment yields 2.7% simple interest annually, how big was the initial deposit?
a.
$2,524.50
b.
$4,024.03
c.
$4,250.00
d.
$11,404.88

Respuesta :

simple interest =principal *rate *time over 100

6774.50*2.7/100*22=4024.03

Answer:

it b

Step-by-step explanation:

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