Abigail has an account that pays 6.92% simple interest per year and wants to accumulate $5,896 in interest from this account over six years. how much money should abigail invest in this account to meet this goal? a. $2,448.02 b. $8,344.10 c. $14,200.39 d. $20,096.67

we know that

The simple interest formula is equal to

where

I is the amount of money in interest

P is the Principal amount of money to be invested

r is the rate of interest  in decimal

t is Number of Time Periods

in this problem we have

substitute in the formula above

therefore

the answer is

this is a very good question

step-by-step explanation:

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