How much does leroy need to invest at a rate

Reference no: EM13197817

The simple interest formula I=prt gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Leroy need to invest at a rate of 7% in order to earn $420 interest in 4 years?

Reference no: EM13197817

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How much does leroy need to invest at a rate : The simple interest formula I=prt gives the interest earned on an investment of p dollars at interest rate r for a time of t years. How much does Leroy need to invest at a rate of 7% in order to earn $420 interest in 4 years?

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