SOLUTION: If the yearly income from an investment is $35 and the annual interest rate is 5%, then the original investement is 1)$70 2)$350 3)$700 4)$175

Question 198024: If the yearly income from an investment is $35 and the annual interest rate is 5%, then the original investement is
1)$70
2)$350
3)$700
4)$175
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!

Simple Interest: I = PRT

As per given, where

Then,

, Answer (3)

Thank you,
Jojo