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

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?

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Helga 1 year 2021-09-04T06:07:30+00:00 1 Answers 1 views 0

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  1. Neala
    0
    2021-09-04T06:09:07+00:00
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    Answer:

    3 years

    Step-by-step explanation:

    540 = 4000 x 0.045x

    540 = 180x

    x = 3

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