Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dawn holds a 180-day GIC that paid interest of $160:27 The GIC eamed simple interest at a rate of 6.5%. What was the amount of
Dawn holds a 180-day GIC that paid interest of $160:27 The GIC eamed simple interest at a rate of 6.5%. What was the amount of her initial investment? (Round to the nearest thousand.) OA. $6000 OB. $4000 OC. $3000 OD. $5000 Dawn holds a 160-day GIC that paid interest of $160.27 The GIC earned simple interest at a rate of 6.5%. What was the amount of her initial investment? (Round to the nearest thousand) GUL A. $6000 OB. $4000 OC. $3000 OD. $5000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started