Angelajc5Kimberre Angelajc5Kimberre
  • 23-11-2016
  • Mathematics
contestada

If a man earns $420 interest in one year at 7%, what was the amount of money invested?



$29.40

$60.00

$600.00

$6,000.00

Respuesta :

nobillionaireNobley
nobillionaireNobley nobillionaireNobley
  • 24-11-2016
Let the amount invested be P, then
0.07P = 420
P = 420/0.07 = 6000

Therefore, amount invested = $6,000
Answer Link
BabyJoJoNell BabyJoJoNell
  • 19-09-2018

If a man earns $420 interest in one year at 7%, what was the amount of money invested?

$6,000.00


Answer Link

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