SOLUTION: a man invested some money at 8% simple interest. At the end of the year, the total amount of his original principal and the interest was 7560 how much did he originally invest
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Question 794847: a man invested some money at 8% simple interest. At the end of the year, the total amount of his original principal and the interest was 7560 how much did he originally invest
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
108% = £7560
1% = £7560/108 = 70
100% = 70 * 100 = 7000
The man originally invested £7000.
Hope this helps.
:-)
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