SOLUTION: what sum of money invested at 4% will yield $110 in simple interest annually

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Question 360920: what sum of money invested at 4% will yield $110 in simple interest annually
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi,
Let x represent the amount of money invested
.04x = $110
x = $2750
check yyour answer
.04*$2750 = $110
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