Ask Question
3 March, 13:53

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

+1
Answers (1)
  1. 3 March, 14:05
    0
    Let the amount invested be P, then

    0.07P = 420

    P = 420/0.07 = 6000

    Therefore, amount invested = $6,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers