How much money would I need to invest for six years at 4 1/2 percent Simple interest to earn $400?

1 answer:

lbvjy [14]2 years ago

6 0

Answer: 1481.48

Step-by-step explanation:

SI = prt

400 = p x 0.045 x 6

400 = 0.27p

P = 400 / 0.27

P = 1481.48

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