Churchilldean789idn
Answered

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Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will the bonds be worth at the end of 5 years? Must dhow work plz hurry

Sagot :

Micahpapoutsisidn

Hence bond will be worth $ 3712.5

Fieryanswererftidn

Answer:

the bonds be worth $3712.5 at the end of 5 years

Explanation:

[tex]Simple Interest: \frac{ Principal * Interest Rate * Time}{100}[/tex]

Simple interest : ($3,300 * 2.5% * 5 )/100

Simple interest : $412.5

∵Total money she has worth: ( $412.5 +  $3,300 ) = $3712.5

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