SOLUTION: an investment of 800 earns 190 each year. at the same rate, how much additional money must be invested to earn a total of 475?
Algebra.Com
Question 454686: an investment of 800 earns 190 each year. at the same rate, how much additional money must be invested to earn a total of 475?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
an investment of 800 earns 190 each year. at the same rate, how much additional money must be invested to earn a total of 475?
-----
I = Prt
Solve: 190 = 800*r*1
r = 190/800 = 0.2375
--------------------------
Solve: 475 = P(0.2375)
P = 475/0.2375 = $2000
---
Addition money = 2000-800 = $1200
======================================
Cheers,
Stan H.
RELATED QUESTIONS
aN INVESTMENT OF $1200 EARNS $96 EACH YEAR. At the same rate, how much additional money... (answered by aka042)
An investment of $5000 earns $600 each year. At the same rate, how much money must be... (answered by ewatrrr)
An investmentnof $1200 earns $96 each year, at the same rate, how much additional money... (answered by jojo14344)
An investment of $8,000 earns $520 in dividends. At the same rate, how much money must be (answered by JulietG)
A financial manager wants to invest $23000 for a client by putting some of the money in a (answered by Mathtut,checkley77)
If an amount of $9,000 is invested at a simple interest rate of
3 1/2%
interest per (answered by ikleyn,greenestamps)
An investment of $4500 is made at an interest rate of 8% for one year. How much money... (answered by greenestamps)
An investmest of $5600 is made at an annual simple interest of 6.5%. How much additional... (answered by stanbon)
John invested $7500 at 10.4% simple interest for one year. How much additional money must (answered by lwsshak3)