document.write( "Question 1024474: How much money would I need to invest for 8years at 5 1/2 simple interest to earn k400.00? \n" ); document.write( "
Algebra.Com's Answer #651298 by JBarnum(2146)![]() ![]() You can put this solution on YOUR website! since simple interest is not combined interest over a periods it means that x amount at 5.5% of x will equal the sum of 400. since 8years is just one period of time and not split up into yearly incriminates the 8years is not a factor. \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |