Register

You made $8500 in simple interest over 4 years at 2%. How much did you initially put in?

You made $8500 in simple interest over 4 years at 2%. How much did you initially put in?
asked 106k views
0 votes
You made $8500 in simple interest over 4 years at 2%. How much did you initially put in?

asked
User Abderrazak BOUADMA
by
7.6k points

2 Answers

3 votes
106250 is your answer
answered
User Addicted
by
7.7k points
3 votes

Answer:

106250

Explanation:

P = 8500x100/4x2

P = 850000/8

P = 106250

answered
User Patrick Obafemi
by
8.0k points
← Prev Question Next Question →

Related questions

User ARZMI Imad
asked Apr 2, 2024 205k views
A car is bought for $8500. and sold for $7000. what is the loss per cent
ARZMI Imad asked Apr 2, 2024
by ARZMI Imad
7.8k points
1 answer
4 votes
205k views
User Derek Park
asked Feb 17, 2024 1.3k views
In how many months will $8500 grow to $8818.75 at 5% p.a.?
Derek Park asked Feb 17, 2024
by Derek Park
7.3k points
2 answers
3 votes
1.3k views
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
How do you estimate of 4 5/8 X 1/3
Link Copied!