at A Man bought a Car for $5,000 and later sold it a profit of 15%. He spent $4.550 out of the amound received and Invested the rest at 7% Per annum Simple Interest. Calculate the Interest earned In 4 years

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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at
$5,000 sold it
A Man bought a Car for and later
a profit of 15%. He spent $4.550 out of the amound
received and Invested the rest at 7% Per h
annum
Simple Interest. Calculate the Interest earned In 4 years
Transcribed Image Text:at $5,000 sold it A Man bought a Car for and later a profit of 15%. He spent $4.550 out of the amound received and Invested the rest at 7% Per h annum Simple Interest. Calculate the Interest earned In 4 years
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