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?

Mathematics

1 answer:

abruzzese [7]2 years ago

6 0

Answer:

3 years

Step-by-step explanation:

540 = 4000 x 0.045x

540 = 180x

x = 3

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Step-by-step explanation:

The appropiate distribution to model this is the hypergeometric distribution:

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