Register

How much money should be invested at an annual interest rate of 8% in order to earn $250 of yearly interest?

How much money should be invested at an annual interest rate of 8% in order to earn $250 of yearly interest?
asked 98.1k views
3 votes
How much money should be invested at an annual interest rate of 8% in order to earn $250 of yearly interest?

asked
User Juan Aguilar Guisado
by
7.8k points

1 Answer

6 votes
the correct answer would be
"31.25"
Hope this helps!
answered
User Endi Zhupani
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
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?
Link Copied!