Question 1024474
since simple interest is not combined interest over a periods it means that x amount at 5.5% of x will equal the sum of 400. since 8years is just one period of time and not split up into yearly incriminates the 8years is not a factor.
{{{x+.055x=400}}}
{{{1.055x=400}}}
{{{x=highlight_green(379.15)}}}