document.write( "Question 697154: John wants to have an interest income of $3000 a year. How much must he invest for one year at 8%? \n" ); document.write( "
| Algebra.Com's Answer #429702 by god2012(113)     You can put this solution on YOUR website! Given :\r \n" ); document.write( "\n" ); document.write( "Interest Amount per year = $3000 \n" ); document.write( "Rate of interest = 8% p.a.\r \n" ); document.write( "\n" ); document.write( "To find : Principal = ?\r \n" ); document.write( "\n" ); document.write( "We know that , \n" ); document.write( "\n" ); document.write( "or \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "P = $37500 \n" ); document.write( " \n" ); document.write( " |