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RedeemSearch found 2 matches
- by amit1sharma
Tue Aug 31, 2010 9:06 am- Forum: Problem Solving
- Topic: Simple question on Interest / Principal
- Replies: 3
- Views: 1774
Simple question on Interest / Principal
An investment of 1 year certificate of deposit with annual rate of interest = 8% earned $ 1200 in one year. What fractional part of the interest would have to be re invested along the principal at the same rate in order to earn $ 1280 diring the second year. Please explain step by step, especially t...
- by amit1sharma
Tue Aug 31, 2010 4:48 am- Forum: Problem Solving
- Topic: Simple question on Interest / Principal
- Replies: 3
- Views: 1774