SOLUTION: Liu invested some money for one year at 1.8% simple interest per year.At the end of the year it was worth $1272.50.How much did he invest
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Question 1046572: Liu invested some money for one year at 1.8% simple interest per year.At the end of the year it was worth $1272.50.How much did he invest
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The formula to use is:
is the amount he ended up with
is the interest rate
is time in years
is the initial investment
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He invested $1,250
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