SOLUTION: An investment pays 8% simple interest per year. If the investment earns $84 interest in the first year then how much money was originally invested?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: An investment pays 8% simple interest per year. If the investment earns $84 interest in the first year then how much money was originally invested?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 944935: An investment pays 8% simple interest per year. If the investment earns $84 interest in the first year then how much money was originally invested?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
84/0.08=$1050