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22 September, 13:10

If a man earns $420 interest in one year at 7%, what was the amount of money invested?

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Answers (2)
  1. 22 September, 16:32
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    Let's assume the amount invested = x

    x * 7/100 = 420

    x = 42000/7

    x = 6000 dollars
  2. 22 September, 16:42
    0
    420 / 0.7 = 600

    600. 0.7 = 420

    he placed 600 in his account
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