Register

If a man earns $420 interest in one year at 7%, what was the amount of money invested? A)$29.40 B)$60.00 C)$600.00 D)$6,000.00

If a man earns $420 interest in one year at 7%, what was the amount of money invested? A)$29.40 B)$60.00 C)$600.00 D)$6,000.00
25.2k views
2 votes
If a man earns $420 interest in one year at 7%, what was the amount of money invested?

A)$29.40
B)$60.00
C)$600.00
D)$6,000.00

User Donovant
by
8.4k points

1 Answer

5 votes
I(interest)=P(princple)R(rate)T(time)
I=420*.07*1=$29.4
A is correct.
Peace.
User Charklewis
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!