SOLUTION: How much should you invest at 3.6% simple interest in order to earn $65 interest in 15 months?

SOLUTION: How much should you invest at 3.6% simple interest in order to earn $65 interest in 15 months?

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Question 1175392: How much should you invest at 3.6% simple interest in order to earn $65 interest in 15 months?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!


Hi
 $65 = P(.036)(1.25yr)
    P =  = $1444.44
Wish You the Best in your Studies.

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