Solve the Problem. -Simple Interest Is Calculated Using the Formula, Interest = Principal

question 84

Multiple Choice

Solve the problem.
-Simple interest is calculated using the formula, interest = principal · rate · time or i = prt. Jenny Brooks invested a certain amount of money saved for 1 year at a certain annual interest rate (simple interest) yielded $9.12 in
Interest. If we had added $76 to the principal and reduced the interest rate by 2 percentage point(s) , the interest
Would have been the same. Find the principal and the rate.

• A) $152.00, 6%
• B) $8.00, 4%
• C) $8.00, 6%
• D) $7.66, 608%

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