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3 years ago

sam received $1120 interest from his 4 year investment at 3.5% p.a. simple interest. how much did sam invest?.

Mathematics

2 answers:

kati45 [8]3 years ago

7 0

$8000 is the answer.

miv72 [106K]3 years ago

4 0

Total is 1120
interest is 3.5
interest earn in 1 yr be p
so is p/ 100 × 3.5 ×4 = 1120
1120÷4= p/100x 3.5
280=p/100 x 3.5
280÷3.5= p/100
80=p/100
p= 8000

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3 years ago

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Step-by-step explanation:

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