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)\"\" \"About 
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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.
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\n" ); document.write( "\"1.055x=400\"
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