asked 175k views
0 votes
Basil earned 631.40 in 7 years on an investment at a 5.5% simple interest rate. How much was basils investment

asked
User TPR
by
8.3k points

1 Answer

2 votes

7 * 0.055 = 0.385

631.40 / 0.385 = $1,640

answered
User CreamStat
by
8.4k points
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