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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)
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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)

User Scott Nicol
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1 Answer

2 votes

Answer:

3 years

Step-by-step explanation:

The interest simple interest rate formula is


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User Mofoyoda
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7.0k points
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