Math

posted by .

How much did you invest at 8% simple interest if 12 months later the investment is worth $1,945?

  • Math -

    1.08x = 1945
    x = 1,945/1.08
    x = ?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    If Mark invests $8000 at 6% simple interest rate, how much money must he invest at an 8% simple interest rate in order for the interest on each investment to be $500. Assume that the amount of time for both investments is the same.
  2. math

    Charlie wants to buy a $900 TV in 15 months. How much should he invest now at 14% simple interest to have the money in 15 months?
  3. Math

    Charlie wants to buy a $1000 TV in 9 months. How much should he invest now at 13% simple interest to have the money in 9 months?
  4. Math

    How much did you invest each month at 6.60% compounded monthly if 25 years later the investment is worth 228190.50?
  5. Math

    How much did you invest at 9% compounded bi-weekly if 10 years later the investment is worth $54,000?
  6. Math

    1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. …
  7. ALGEBRA / MATH / FINANCIAL

    PLEASE HELP.. HERE'S THE QUESTION.... RYAN IS GOING TO INVEST $4000 INTO 2 INVESTMENT OPTIONS. ONE OPTION PAYS 3% AND THE OTHER OPTION PAYS 3.5% SIMPLE INTEREST. HOW MUCH DID RYAN INVEST IN EACH OPTION IF THE INTEREST EARNED IN THE …
  8. Math

    Charlie wants to buy a $500 TV in 9 months. How much should he invest now at 8% simple interest to have the money in 9 months?
  9. Math

    If sheila wants to earn 10% annual simple interest on an investment, how much should she invest so that its value is worth $20000 in 15 months?
  10. Algebra

    Chloe wants to invest a total of $39000 into 2 savings account, one paying 6% per year in interest and the other paying 9% per year in interest (a more risky investment). If after 1 year she wants the total interest from both accounts …

More Similar Questions