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.

Solución

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.

Solución

Time : 29.48

Pasos de solución

Translate the problem into an equation:

1596649 = 802274 \cdot 0.0675 t

Resolver para

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

Time : 29.48

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