Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest. Howlong was the money invested? (just type the number don't write years)

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asked Feb 26, 2023 87.4k views

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Jim invested $4,000 in a bond at a yearly rate of 4.5%. He earned $540 in interest. Howlong was the money invested? (just type the number don't write years)

Mathematics
college

Scott Nicol asked

by Scott Nicol

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Answer:

3 years

Step-by-step explanation:

The interest simple interest rate formula is

Mofoyoda answered Mar 2, 2023

by Mofoyoda

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