Asked by Fahmida Farjana
How much money would a man have to invest at the rate of 5% per year,to have $1470 at the end of the year??
Answers
Answered by
kid
does the $1450 represent how much interest, or how much money he ended up with in total (including the original amount)?
If you mean that $1450 is the interest, then just plug the numbers into the simple interest formula
I = PRT
If you mean that $1450 is the interest, then just plug the numbers into the simple interest formula
I = PRT
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