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Populaire Word Problems >

Jackson invested 802,274 in a bond at a yearly rate of 6.75%. He earned 1,596,649 in interest. How long was the money invested? Round to the nearest whole year.

Solution

J a c k so n in v es t e d 802, 274 in a b o n d a t a ye a r l y r a t e o f 6.75%. He e a r n e d 1, 596, 649 in in t eres t . Ho w l o n g w a s t h e m o n ey in v es t e d ? R o u n d t o t h e n e a res t w h o l e ye a r .

Solution

Time : 29.48

étapes des solutions

Translate the problem into an equation:

1596649 = 802274 \cdot 0.0675 t

Solutionner pour

t, 1596649 = 802274 \cdot 0.0675 t : t = 29.48

Time : 29.48

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