document.write( "Question 1034931: an investment pays 8%interest per year. of the investment earned $84 in interest in the first year , then how much money was originally invested \n" ); document.write( "
Algebra.Com's Answer #649622 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! You do not say, so I will assume it is simple interest...the formula for which is \n" ); document.write( "I = Prt \n" ); document.write( "We are looking for P, the principal... \n" ); document.write( "P = I/rt = 84/(.08*1) = $1050 \n" ); document.write( " |