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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Minh Khuê 4 years 2021-08-09T16:53:34+00:00 1 Answers 11 views 0

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    2021-08-09T16:54:52+00:00

    Answer:

    4,000

    Step-by-step explanation:

    I= P*R*T/ 100

    480= P*6*2/100

    48000= 12P

    Divide.

    P= 4000

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