SOLUTION: Buck gets 5.4% interest on his investment. If he received $36.72 interest, how much did he invest?

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Question 1191759: Buck gets 5.4% interest on his investment.
If he received $36.72 interest, how much did he invest?

Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
36.72 / .054 = 680.

680 * .054 = 36.72

5.4% interest is equal to .054 interest.
you divide the percent by 100 to get the rate.
you multiply the rate by 100 to get the percent.