SOLUTION: 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 1168024: 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
Found 2 solutions by Boreal, MathTherapy:
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
I=prt
450=4000*0.045*t
450=180t
t=2.5 years
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

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

Correct answer:
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