Register

Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest. Howlong was the money invested? (just type the number don't write years)

Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest. Howlong was the money invested? (just type the number don't write years)
asked 87.4k views
2 votes
Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest. Howlong was the money invested? (just type the number don't write years)

asked
User Scott Nicol
by
8.4k points

1 Answer

2 votes

Answer:

3 years

Step-by-step explanation:

The interest simple interest rate formula is


undefined

answered
User Mofoyoda
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!