Answer:
Option B - $491.52
Step-by-step explanation:
Given: Hannah earned $1536 in 8 years on an investment at a 4% annual simple interest rate.
To find : How much was Hannah’s investment
Solution : Investment = Principal × rate × time
Principal = $1536
Rate = 4% = 0.04
Time = 8 years
Investment = Principal × rate × time
Investment = 1536 × 0.04 × 8
Investment = 491.52
Therefore, Option B is correct - $491.52
