Saylor Henshaw earned $120 in simple interest in 9 months at an annual interest rate of 5%. How much money did he invest? Remember to use the simple interest formula, I = Prt, and fill in the information you have to solve for the missing information you need. Select one: O a. $2,300 O b. $2,500 O c. $3,500 d. $3,200

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Saylor Henshaw earned $120 in simple interest in 9 months at an annual interest rate of
5%. How much money did he invest? Remember to use the simple interest formula, I =
Prt, and fill in the information you have to solve for the missing information you need.
Select one:
O a. $2,300
O b. $2,500
O c. $3,500
O d. $3,200
Transcribed Image Text:Saylor Henshaw earned $120 in simple interest in 9 months at an annual interest rate of 5%. How much money did he invest? Remember to use the simple interest formula, I = Prt, and fill in the information you have to solve for the missing information you need. Select one: O a. $2,300 O b. $2,500 O c. $3,500 O d. $3,200
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