John invested the money at simple interest for 4.22 years.
We have,
Invested amount = $ 4500
Rate of interest = 5.5 %
Time = t years
Maturity value = $ 5545
So,
Total interest earned = $ 5545 - $ 4500 = $ 1045
And,
Simple interest = (Principal × Rate × Time ) / 100
So, Using the mentioned formula,
1045 = ( 4500 × 5.5 × t ) /100
1045 = 45 × 5.5 × t
⇒
t = (1045) / (45 × 5.5)
⇒ t = 4.22 years
Therefore, John invested the money at simple interest for 4.22 years.
Learn more about simple interest here:
brainly.com/question/22621039
#SPJ10
Answer:
18 ft. wide by 24 ft. long
Step-by-step explanation:
this would leave a uniform strip of 2 ft around the rug and stay in her price range for 432 square feet of carpeting.
and 18 times 24 = 432 square feet
Answer:
Y=x^2-2x-8,x , x=r
Answer:
50b+205
Step-by-step explanation:
Yes sir
