SOLUTION: A $4000 investment at an annual simple interest rate of 3.3% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How
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Question 895342: A $4000 investment at an annual simple interest rate of 3.3% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
4000*0.033=$132
132/0.055=$2400
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