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Popular Word Problems >

a man earned 340.00 in one year on an investment that paid a 4% dividend find the amount of money invested

Solution

a man e a r n e d 340.00 in o n e ye a r o n an in v es t m e n t t ha t p ai d a 4% d i v i d e n d f in d t h e am o u n t o f m o n ey in v es t e d

Solution

Principal : 8500

Solution steps

Translate the problem into an equation:

340 = P \cdot 0.04 \cdot 1

Solve for

P, 340 = P \cdot 0.04 \cdot 1 : P = 8500

Principal : 8500

Popular Examples

mr johnson borrowed 750 for 1 year he hs to pay s6 percent simpe interest how much interest will he pay A man borrows PhP 5 500 for 3 years at a rate of 8% per annum. How much simple interest does he need to pay at the end of 3 years James invests 15,000 at 10% simple interest for 3 years. How much interest did James earn over the 3 years?what sum would accumulate to \5,250 in 8 years at 9% simple interest how long will an amount of Php 20000 earn a simple interest of Php 3000 if the interest rate is 6% per year