Upon selling his residence, the lawyer Hinojosa buys a flat and deposits the rest in an account

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Upon selling his residence, the lawyer Hinojosa buys a flat and deposits the rest in an account that earns him 8.4% simple annual interest. How much did he get for his house if in 5 years the account earned him $243,600 in interest and how much money did he invest in the flat, assuming 53.6%?

Posted Date: May 13, 2024 02:09 AM

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Upon selling his residence, the lawyer Hinojosa buys a flat and deposits the rest in an account

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Lets break down the problem into two parts 1 Finding the amount received for the house 2 Calculating ... View the full answer

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