Asked by FRANCIS VENTURA on May 01, 2024

verifed

Verified

Sam earned $650 on an investment deposited at an interest rate of 3.25% for 30 months. How much was the original investment?

Original Investment

The initial amount of money invested in a financial venture or asset.

Interest Rate

The specific rate at which interest is incurred on borrowed cash from a lender to a borrower.

Investment Deposited

The action of placing money into a financial scheme, shares, or property with the expectation of achieving a profit.

  • Calculate original investment amounts based on interest earned and investment duration.
verifed

Verified Answer

KS
Kevin SanabriaMay 01, 2024
Final Answer :
$8,000