SOLUTION: please help me solve this question.
At the end of one year, Mr Willis received $40 interest from an investment. The interest rate was 5% per annum. How much had Mr Willis invested
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At the end of one year, Mr Willis received $40 interest from an investment. The interest rate was 5% per annum. How much had Mr Willis invested
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Question 890233: please help me solve this question.
At the end of one year, Mr Willis received $40 interest from an investment. The interest rate was 5% per annum. How much had Mr Willis invested? Answer by nerdybill(7384) (Show Source):
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At the end of one year, Mr Willis received $40 interest from an investment. The interest rate was 5% per annum. How much had Mr Willis invested
.
Let x = amount ($) invested
then
40 = .05x
40/.05 = x
$800 = x
