An Amount P , Invested at a Simple Interest Rate

question 45

Multiple Choice

An amount P , invested at a simple interest rate r , will grow to an amount A in t years, according to the formula A = P ( 1 + r t ) . Suppose a man invested some money at 5.9%. If after 5 years, he had $6,151.25 on deposit, what amount did he originally invest? Round your answer to the nearest integer.

• A) P = $4,900
• B) P = $4,950
• C) P = $4,750
• D) P = $4,650

---

Definitions:

Trusting Database

Marking a database as reliable or secure in software applications to bypass certain security restrictions for smoother operation.

Unsecure Databases

Databases that lack sufficient security measures, which makes them vulnerable to unauthorized access, leaks, or breaches.

Database Documenter

A tool or process that aids in creating comprehensive documentation of a database's structure, schema, and dependencies.

Tabs

Graphical controls in software applications that allow multiple documents or panels to be contained within a single window, facilitating ease of navigation.