Free Practice Question
PS · Problem Solving
555-605
Percentages
Roger's hedge fund is taking x dollars and investing in bonds that yield r percent in simple interest. The amount of interest earned over 2 years is $1000. In terms of , the dollar amount invested, what dollar amount invested will yield $4000 over 5 years, assuming the bond's yield remains the same?
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Difficulty
555-605
Type
PS
Category