SOLUTION: what sum of money invested at 4% will yield $110 in simple interest annually

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Question 360920: what sum of money invested at 4% will yield $110 in simple interest annually
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi, 

Let x represent the amount of money invested

.04x = $110

x = $2750

check yyour answer

.04*$2750 = $110