SOLUTION: How much money would I need to invest for 8 years at 5 1/2% simple interest to earn k400.00?

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Question 1025000: How much money would I need to invest for 8 years at 5 1/2% simple interest to earn k400.00?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
400=P*0.055*8
400=P*0.44
P=400/0.44
P=k9090