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Mark invested $4000 in a bond at a yearly rate of 2%. He earned $200 in interest. How long was the money invested?
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2 votes
Mark invested $4000 in a bond at a yearly rate of 2%. He earned $200 in interest.

How long was the money invested?

User Cool Eagle
by
8.8k points

2 Answers

9 votes

Answer:

2.5 years

Explanation:

just did the math :)

User Lila Viollette
by
8.9k points
13 votes

Answer:

2 years and 6 months

Explanation:

4000 * 0.02 = 80

80 * 2.5 = 200

User Arben
by
7.3k points
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