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3 years ago

14

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

2 answers:

Naily [24]3 years ago

5 0

Let the amount invested be P, then
0.07P = 420
P = 420/0.07 = 6000

Therefore, amount invested = $6,000

masya89 [10]3 years ago

5 0

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

$6,000.00

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