SOLUTION: If a man earns $420 interest in one year at 7%, what was the amount of money invested? $29.40 $60.00 $600.00 $6,000.00

SOLUTION: If a man earns $420 interest in one year at 7%, what was the amount of money invested? $29.40 $60.00 $600.00 $6,000.00

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Question 922089: If a man earns $420 interest in one year at 7%, what was the amount of money invested?

$29.40
$60.00
$600.00
$6,000.00
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

P = $420/.07 = $6000
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