SOLUTION: Eduardo invested money in an account earning 4% simple interest. At the end of 5 years, he had a total of $14,400. How much money did he originally invest?
Algebra.Com
Question 1046884: Eduardo invested money in an account earning 4% simple interest. At the end of 5 years, he had a total of $14,400. How much money did he originally invest?
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
Let n be the amount of the investment. Then
5x4%=20%
.2 x n=14400
n=14400/.2=$72000. ☺☺☺☺
RELATED QUESTIONS
Dollar Bill invested money in an account earning 4% simple interest. At the end of 5... (answered by mananth)
Jerome had $18,000 to invest. He put some of the money in an account earning 3% simple... (answered by ikleyn)
$2000 more is invested in an account earning 12% simple interest than in an account... (answered by ewatrrr,MathTherapy)
a) If Bill had $1000 to invested it for 3 years, earning 5% simple interest. How much... (answered by rfer)
IF BILL INVESTED $12,000 IN A SIMPLE ACCOUNT EARNING... (answered by solver91311)
$1500 is deposited in an account earning 4.5% annual interest. If the money earns simple... (answered by ankor@dixie-net.com)
Mahmoud invested 6000 in two accounts, some of it at 2% simple interest, the rest in an... (answered by josmiceli)
jim invests a total of 50000 in 2 accounts, one earning 2.5% simple interest, the other... (answered by josmiceli)
Barneys money earned $204 in interest after 1 year. He invested some of is money in an... (answered by richwmiller)