Asked by Annie

How much money must be invested at 6.3%/a simple interest to earn $250 in interest each month

13 years ago

Answered by Reiny

.063x = 250

solve for x

13 years ago

Answered by Steve

I think it's probably an annual rate

.063/12 x = 250

13 years ago

There are no AI answers yet. The ability to request AI answers is coming soon!

Submit Your Answer

We prioritize human answers over AI answers.

If you are human, and you can answer this question, please submit your answer.