Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest.How long was the money invested?
Question
Question
Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest.How long was the money invested?
Answer:
3 years
Step-by-step explanation:
540 = 4000 x 0.045x
540 = 180x
x = 3