SOLUTION: How much should you invest at 4.4% simple interest in order to earn $85 interest in 11 months?
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Question 1057257: How much should you invest at 4.4% simple interest in order to earn $85 interest in 11 months?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
I=prt
85=p*0.044*(11/12)=0.40333p
p=85/0.04033=$2107.44
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