algebra

Sylvia Acuff invested money received from an inheritance for 9 months at 8% interest. If she received $720 interest on her investment during this time, find the amount that she invested.

  1. 👍 0
  2. 👎 0
  3. 👁 204
  1. What function would I use for this type of problem?

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    Betsy, a recent retiree, requires $6,000 per year in extra income. She has $60,000 to invest and can invest in B-rated bonds paying 13% per year or in a certificate of deposit (CD) paying 3% per year. How much money should be

    asked by Lisa on October 6, 2010
  2. algebra

    A total of $12,000 is invested in two funds paying 9% and 11% simple interest. If the yearly interest is $1,180, how much of the $12,000 is invested at each rate? We have two unknowns: the amount of money invested at 9% and the

    asked by lin on October 6, 2012
  3. Algebra

    A mother wants to invest 8,000 dollars into her child's college fund. She invests a portion of the money into a CD account which earns 4% interest, and the remainder into a savings bond which earns 7% interest. If the total

    asked by Amber on June 1, 2014
  4. Math

    Two investments are made totaling $4800. In the first year they yield a total of $412 in simple interest. Part of the money is invested at 8% and the rest at 9%. Find the amount invested at each interest rate.

    asked by Kate on April 11, 2013
  5. algebra

    1. The formula V=lwh is used to find the volume of rectangular prisms. Which equation solves for w? a. w=V-l-h b. w=Vlh c. w=lh/V D. w=V/lh 2. Mr. Marsupial invested $8,000, part at 6% interest and the reamainder at 8% interest.

    asked by Yaya on March 18, 2012
  1. algebra

    Solve the problem. Helen Weller invested $15,000 in an account that pays 12% simple interest. How much additional money must be invested in an account that pays 15% simple interest so that the total interest is equal to the

    asked by mark on March 8, 2009
  2. Math

    Kent invested $5,000 in a retirement plan.He allocated X dollars of the money to a bond account that earns 4% interest per year and the rest to a traditional account that earn 5% interest per year. 1.Write an expression that

    asked by Shadow on May 11, 2010
  3. Simple Interest

    Last year, Ivan had $20,000 to invest. He invested some of it in an acount that paid 9% simple interest per year, and he invested the rest in an account that paid 7% simple interest per year. After one year, he received a total of

    asked by Anonymous on December 10, 2015
  4. interest

    an inheritance will be 20000. the interest rate for the the time value of money is 7%. How much is the inheritance worth now, if it will be received a) in 5 years? b)in 10 years? c)in 20 years I know i'm supposed to use F=P(1+i)^n

    asked by jen on April 9, 2009
  5. math answer check please

    . Richard Simons is selling his house. He has a choice of taking $125,000 today or $135,000 in 6 months. If he takes the money today, he can invest it at Valley Bank at 5% interest compounded monthly. c. (1 point) How much would

    asked by Lynda on December 2, 2013
  6. math

    a non interest bearing note of 1000 dated january 1, 2010 for 8 months was discounted at a dicounting rate of 10% after 2 months, how much cash is received

    asked by Shahzaib on March 4, 2017

You can view more similar questions or ask a new question.