SOLUTION: Fred bought a car for $5,600 and later sold it at 90% of the cost price. He spent $1,310 out of the amount received and invested the rest at 6% per annum simple interest. Calculate

Question 1133943: Fred bought a car for $5,600 and later sold it at 90% of the cost price. He spent $1,310 out of the amount received and invested the rest at 6% per annum simple interest. Calculate the interest earned in 3 years.
Answer by josgarithmetic(39616) (Show Source): You can put this solution on YOUR website!
The parts needed are $1310 , 6% simple interest, 3 years. The first sentence is not needed.

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