SOLUTION: How much money would I need to invest for 8 years at 5 and half percent simple interest to earn k400.00?

SOLUTION: How much money would I need to invest for 8 years at 5 and half percent simple interest to earn k400.00?

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Question 1043837: How much money would I need to invest for 8 years at 5 and half percent simple interest to earn k400.00?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

is the amount you wouls have to invest

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The amount earned is the intyerest,

$588.23 should be invested
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