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:
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Answer:
8.317 x 10^6 = 8,317,000
Step-by-step explanation:
You move the decimal over 6 places to the right because it's a positive number. If it were 10^-6 you would move the decimal over 6 places to the left.
2353513586776(564567)774567&88
Answer: x=1
Step-by-step explanation: 6x+24=30
6x=6
x=1
Answer:
3.667
Step-by-step explanation:
30 miles per cm means divide distance by 30 or
110/30 = 3.667
