document.write( "Question 1043837: How much money would I need to invest for 8 years at 5 and half percent simple interest to earn k400.00? \n" ); document.write( "

Algebra.Com's Answer #659008 by josmiceli(19441) $\"\"$ $\"About$

You can put this solution on YOUR website!
$\"+A+=+P%2A%28+1+%2B+r%2At+%29+\"$
\n" ); document.write( " $\"+P+\"$ is the amount you wouls have to invest
\n" ); document.write( " $\"+A+=+P+%2B+P%2Ar%2At+\"$
\n" ); document.write( "------------------
\n" ); document.write( "The amount earned is the intyerest, $\"+I+=+P%2Ar%2At+\"$
\n" ); document.write( " $\"+400+=+P%2A.085%2A8+\"$
\n" ); document.write( " $\"+P+=+400%2F.68+\"$
\n" ); document.write( " $\"+P+=+588.23+\"$
\n" ); document.write( "$588.23 should be invested \n" ); document.write( "

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