SOLUTION: Fred bought a car for $5,600 and later sold it at 90% of the cost price. He spent $1,310 out of the amount received and invested the rest at 6% per annum simple interest. Calculate

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Fred bought a car for $5,600 and later sold it at 90% of the cost price. He spent $1,310 out of the amount received and invested the rest at 6% per annum simple interest. Calculate      Log On