After five years of earning interest at an annual rate of 4%, an investment has earned $1,200 in interest. determine the amount of the initial investment. a full answer would be nice !

Using the Interest equation I can do this:

I = P*r*t

1200 = P*0.04*5

To get the

P = 1200/(0.2)

P = 12000/2 = $6000

correct answer is b. 27/8

step-by-step explanation:

nope.   happens to me as well.

-aparri