Step 1 :We are given that the principal amount is $5000, the annual interest rate is 6.25% or 0.0625 in decimal form, and the interest earned is $280. We are asked to find the length of time the money was invested, in months.
Step 2 :We can use the formula for calculating interest, which is Interest = Principal * Rate * Time. In this case, we want to solve for Time, so we rearrange the formula to get Time = Interest / (Principal * Rate).
Step 3 :Substituting the given values into the formula, we get Time = 280 / (5000 * 0.0625).
Step 4 :Solving this gives us the time in years. However, since we want the time in months, we multiply the result by 12 (since there are 12 months in a year).
Step 5 :Final Answer: The length of time of the investment is approximately \(\boxed{10.75}\) months.