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I invested in a savings bond for two years and paid simple interest at an annual rate of 6%. The total interest I earned was $480. How much
Question
I invested in a savings bond for two years and paid simple interest at an annual rate of 6%. The total interest I earned was $480. How much did I invest?
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Mathematics
4 years
2021-08-09T16:53:34+00:00
2021-08-09T16:53:34+00:00 1 Answers
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Answer:
4,000
Step-by-step explanation:
I= P*R*T/ 100
480= P*6*2/100
48000= 12P
Divide.
P= 4000